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Inside Mexico: Mexico's Strength. Ian Campbell.

by Campbell, Ian; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2004Article 69Environment. Publisher: UPI, 2003ISSN: 1522-3205;.Subject(s): Mexico -- Economic policy | Petroleos Mexicanos | Political corruption -- Mexico | Privatization -- MexicoDDC classification: 050 Summary: "What's in a name? Quite a bit. 'Pemex is the strength of Mexico. Pemex has Mexico in its name. Pemex is future for Mexico.' Night after night, these phrases can be heard on Mexican television. The value of Pemex, the state-run oil company, is drummed into Mexicans with Goebbels-like repetition, and with about as much regard for the truth. Pemex is big and does make a big contribution to the Mexican economy. But it ought to do much more. Mexico's oil wealth is being squandered in corruption and incompetence--mainly corruption. As yet, President Vicente Fox, the president of change, has not been able to bring much of it to Pemex." (UPI) This article explains why Pemex is failing economically, citing corruption as the main reason.
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REF SIRS 2004 Environment Article 69 (Browse shelf) Available

Articles Contained in SIRS Enduring Issues 2004.

Originally Published: Inside Mexico: Mexico's Strength, March 27, 2003; pp. n.p..

"What's in a name? Quite a bit. 'Pemex is the strength of Mexico. Pemex has Mexico in its name. Pemex is future for Mexico.' Night after night, these phrases can be heard on Mexican television. The value of Pemex, the state-run oil company, is drummed into Mexicans with Goebbels-like repetition, and with about as much regard for the truth. Pemex is big and does make a big contribution to the Mexican economy. But it ought to do much more. Mexico's oil wealth is being squandered in corruption and incompetence--mainly corruption. As yet, President Vicente Fox, the president of change, has not been able to bring much of it to Pemex." (UPI) This article explains why Pemex is failing economically, citing corruption as the main reason.

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