Saturday, June 18, 2011

Mexico's Unsuitability

Last week, Rogelio Ramírez de la O said that Mexico (and by extension Carstens) isn't a suitable leader for the emerging world because of its recently policy focus:
But Mexico, in this sense, is different from the majority of emerging markets, because it gives a greater value to stability. That's why it is very difficult to argue that it can represent them as a group in international financial agencies. If Mexico does not win their support to represent them in the IMF, it shouldn't be seen as a rejection of the country, but rather as a difference, a fundamental one, in focus.

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