Why we should all pay attention to the populist shakeup in Mexico’s business world

Mexican President Claudia Sheinbaum speaks on the day of the 114th anniversary of the Mexican Revolution in Mexico City, Mexico, on Nov. 20.Saúl Sandoval Perea is professor of politics and economics at CETYS Universidad in Tijuana, Mexico.

In a radical shift, Mexico’s recent judicial reform opens the selection process for some 7,000 judges and other justice positions – including Supreme Court justices – to citizens through popular vote. Domestic and international investors are increasinglyOn top of these changes, the government is also aiming to drastically reform various regulatory institutions that oversee competition law enforcement, government transparency, energy and telecommunications.

These changes have been developing for years and this trajectory is unlikely to change any time soon. López Obrador didn’t have the votes in Congress to make the judicial and regulatory changes he envisioned. But that situation changed this past summer when his party and its allies secured a supermajority in both legislative chambers. Claudia Sheinbaum, Mexico’s newly inaugurated president and López Obrador’s political protégé, will now lead the charge on dismantling regulatory agencies and realizing López Obrador’s vision.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why companies aren’t democracies, and why that’s okayDual-class voting shares provide one class typically 10 to 20 more votes a share than another, which allows some minority shareholders to dominate a company
Source: globeandmail - 🏆 5. / 92 Read more »

and why this bull market may not be as irrational as I had thoughtRethinking the “bubble thesis, and why I’m turning more positive on bonds too
Source: globeandmail - 🏆 5. / 92 Read more »