Mexico: A Telling Reform Package

A telecommunications reform measure soon to be voted on by Mexico's Chamber of Deputies sets up an important regulatory shift that would help the country improve its growth prospects and attract foreign investment over the long run. The political consensus already achieved in the lead up to the vote by Mexican President Enrique Pena Nieto's administration demonstrates political unity in the wake of the July elections and indicates that major political counterpoints have been assuaged.

The reform, as the first constitutional adjustment of Pena Nieto's administration, could also be a test of the viability of significant constitutional change for other critical reforms, including changes in the energy sector. Mexico is a critical player in North America and is gaining importance globally. How it handles these reforms will impact politics and economics for decades.