Consejo Mexicano de Asuntos Internacionales

Última actualización:
2024-04-27 03:41

THE RISK AND THE OPPORTUNITY

Fecha Publicación: 16-11-2023

The 2024 presidential election promises to be like no other since Mexico began its long, painful, and unfinished transition to democracy. Three factors make this a unique moment: an economy ever more distant from the political cycle; a political structure susceptible to collapse; and a race where the stakes are the highest in at least half a century.

The coming election is not only unique essentially because outgoing President López Obrador has raised the stakes in an already skeptical society. Whereas the previous five presidents attempted to pursue a common thread of gradual political and economic liberalization, AMLO shattered the notion that Mexico was advancing towards a democracy and an open economy. Furthermore, he has been a strong advocate for moving in the opposite direction and has created conditions for that to be furthered in the future. Even more important, also in contrast with his predecessors, he is bent on directly influencing the electoral process, regardless of whether this constitutes a crime according to the electoral legislation, which aims to secure a level playing field. This set of circumstances creates enormous risks, but also a potential opportunity.

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