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Mexico: López Obrador’s First Year

Orthodox or heterodox?

The initial appointment of qualified, moderate individuals to key cabinet positions – such as former finance minister Carlos Urzua, and Banxico governors Gabriel Esquivel and Jonathan Heath – in addition to promises of maintaining fiscal discipline and continuing to support free trade were reassuring for both domestic and international markets. However, López Obrador’s government has repeatedly engaged in contradictions that have shown that economic considerations are secondary to political imperatives.

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