AMLO has implemented extensive social programs aimed at reducing poverty and income inequality. These programs include scholarships for students, pensions for the elderly, and support for marginalized communities. By increasing the disposable income of the less well-off, these initiatives stimulate domestic demand and support economic growth.

We’ve also seen significant investment in infrastructure projects such as the Mayan Train, the Dos Bocas Refinery, and the Felipe Ángeles International Airport is creating jobs and boosting economic activity. These projects also improve connectivity and logistics, enhancing Mexico’s attractiveness for business operations and tourism.

Under AMLO, the minimum wage has been raised several times, significantly increasing the purchasing power of low-income workers. This policy helps to boost consumption, which is a critical driver of economic growth. All this and more means investors are attracted to Mexico and, as Claudia points out, there’s no need to suspect any major changes.

Mexico is benefiting from the trend of nearshoring, where companies relocate their supply chains closer to their home markets to reduce risks and costs associated with long global supply chains. This trend is driven by Mexico’s proximity to the United States, competitive labor costs, and extensive trade agreements.

The commitment of Banxico to maintain low and stable inflation, along with prudent fiscal policies, provides a stable macroeconomic environment. This stability is crucial for attracting long-term foreign investments. Despite some controversy, AMLO’s energy policies aim to make Mexico self-sufficient in energy. This includes promoting state-owned enterprises like PEMEX, which could stabilize energy prices and supply, further attracting manufacturing investments reliant on consistent energy availability.

Big issues such as the increase in water consumption that investment often brings, especially but not only in the manufacturing industry, raising additional revenue to support an aggressive social welfare program will always be an issue as will controlling inflation and the rising cost of living. And here Claudia Sheinbaum and Banxico will need to do a little more than raise interest rates. It’s doubtful they’ll want to raise taxes or, in this respect, take a close look at the informal economy which employs upwards of 30 million people and generates over 25% of the country’s GDP. Many challenges as always, but for sure ALMLO, Morena, and now Claudia Sheinbaum are headed in the right direction.

AMLO’s shoot-from-the-hip populist errors were bad enough when it meant botching the new airport. That just wasted money. Excessive power vested in the military is much more serious. Judges beholden to political movements is worse yet.

Judges need to be the best, intellectually and morally. And they need to be truly independent. That is something that has been improving in Mexico only recently. As persons equally affected by the justice system as Mexican citizens, let us continue to monitor the details of the proposals, and be unafraid of voicing our opinions.

Good luck because you are going to need all the luck in the world. LIFE IN MEXICO IS HARD.