What AMLO's Legacy Means For Mexico's Upcoming Election
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 19 April 2024
⏱️ 43 minutes
🧾️ Download transcript
Summary
On June 2, 2024, Mexicans will go to the polls to elect a successor to current President Andrés Manuel López Obrador. His chosen successor, former Mexico City Mayor Claudia Sheinbaum, is the odds-on favorite. But what is AMLO’s legacy exactly? In some sense, economic growth under his administration has been robust. On the other hand, there’s been very little progress on domestic security. He also leaves a legacy of massive spending routed through the military, whose fruits are still undetermined. On this episode, we speak with Bloomberg News reporter Andrea Navarro, who has dug deep into how AMLO has conducted economic policy, his approach to industrial and fiscal policy, and whether Mexico is now in a position to ride the ongoing wave of trade with the US and the nearshoring of international supply chains.
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Transcript
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| 0:00.0 | Bloomberg Audio Studios. |
| 0:05.0 | Podcasts, Radio News. Hello and welcome to another episode of the Odd Lots Podcast. |
| 0:23.8 | I'm Jill Weisenthaw. |
| 0:25.1 | And I'm Tracy Allaway. |
| 0:26.1 | Tracy, I think we, as a podcast, I think we have to do more on Latin America. |
| 0:30.8 | Lattam, economics, the business situation. |
| 0:34.2 | It's just like a sort of part of the world that I don't think we've covered enough. |
| 0:37.0 | No, I have to admit this is a total or almost total geographic and economic blind spot for me with the exception of Guatemala. |
| 0:45.0 | I just haven't spent that much time in Latin America. |
| 0:49.0 | I haven't read that much about it. |
| 0:51.0 | I think the story there is becoming increasingly interesting and I think if you look at something like Mexico for instance, there's all this enthusiasm about the theme of near-shoring, the idea that American |
| 1:07.1 | companies are going to build all these big factories over there. It's going to be a |
| 1:10.3 | big beneficiary of trade tensions with China, but at the same time |
| 1:16.7 | there's this ongoing political backdrop, which is, as far as I understand it, about to heat up in the shape of the Mexican presidential elections on June 2nd. |
| 1:26.5 | Yes, that's right. There is a Mexican presidential election coming up on June 2nd, |
| 1:31.1 | which is like a perfect news hook for us to sort of set the stakes, |
| 1:34.7 | understand what this is all about, and sort of use that as an entry way to expand our coverage. |
| 1:40.4 | It is sort of crazy just in general in the media and so like I'm not |
| 1:44.5 | trying to excuse us by implicating the entire media. It does feel like here in the |
| 1:49.6 | U.S. there's much attention paid to Europe and the Middle East obviously and various things going on in East Asia and yet this sort of dearth of coverage I would say about countries which probably are much more economically and politically intertwined |
| 2:04.8 | with us than the countries that get most of the sort of foreign coverage. |
| 2:09.2 | Yeah, it is actually kind of weird, isn't it? Now that I think about it, what's that |
... |
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