9781422286869

Timeline

1995 Inflation shoots to 52 percent in Mexico. 1997 Thanks to economic reforms, Mexico is able to pay back $13.5 billion in loans to the United States. 1999 Mexican government passes the Mining Law Regulation to update mining procedures. 2000 Vicente Fox is elected president, and implements pro-business policies. 2003 President Fox appeals to the United States in efforts to form an immigration accord, with the goal of granting legal status to many Mexican immigrants in America. 2006 The economy becomes a major issue during the presidential election; voters elect Felipe Calderón, who favored free trade and business expansion more than his opponent. 2007 A group of anti-government rebels, called the Popular Revolution Army, repeatedly bombs gas and oil pipelines to attack the Mexican economy. 2008 Calderón releases a joint statement with U.S. President George W. Bush and Canadian Prime Minister Stephen Harper, emphasizing the need for the countries to continue freely trading. 2012 Enrique Peña Nieto is elected president of Mexico, receiving 38 percent of the vote. His election returns the PRI to power after 12 years of PAN rule. He is sworn in as president on December 1. 2014 The Peña Nieto administration passes a package of economic reforms.

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Among them is a constitutional amendment that allows foreign oil companies to operate within Mexico, ending the PEMEX monopoly.