Mexican economic health depends on Fox's reforms

The future health of the Mexican economy depends to a large extent on whether President Vicente Fox is able to push through his fiscal reforms, according to Phil Milburn, investment manager emerging markets at Aegon Asset Management. He believes the goal of the government is to decrease its dependence on oil. But Alan Nesbit, head of Latin America at First State Investments, argues that this dependence has been decreasing for some years now. He says: 'There has been an evolution of the economy over the last 10 years and oil is not as important as it once was.' Nesbit says that Mexi...