The crisis of Foxism: The political economy of fiscal reform in Mexico

Abstract

The election of Vicente Fox in 2000 represented an important moment for architects of global neoliberalism, in that it heralded new potentialities for advancing a ‘second generation’ reform agenda in Mexico. This report examines the first half of Fox's term, and his government's efforts to implement critical economic reforms within this agenda. It goes on to explain why the Fox government had failed, by mid-2004, to implement its priority fiscal reforms, in the context of social mobilisation against the state's neoliberal project and a stagnating economy.