BUSINESSWEEK ONLINE : JULY 17, 2000 ISSUE
INTERNATIONAL -- LATIN AMERICAN COVER STORY Challenges ahead for President-Elect Fox TRANSITION Fox faces five-month transition before taking office on Dec. 1. President Ernesto Zedillo has promised to work with the incoming government to ensure a smooth handover. CONCILIATION Transition team must reach out carefully to vanquished PRI to avoid backlash from sitting PRI governors and from PRI-backed labor unions and civic organizations. CABINET Fox has pledged to assemble a multiparty Cabinet that includes businesspeople, academics, and economists. May retain some members from current Cabinet to reassure investors of continuity in economic policies. BUDGET Fox must present the 2001 budget when he takes office on Dec. 1 and get it approved within a month by a newly installed Congress in which his National Action Party will not have a majority of votes. FISCAL REFORM Most pressing matter will be overhaul of Mexico's tax system, which relies too heavily on revenues from oil exports. Fox needs to expand tax base to pay for planned increase in education spending. REVAMPING ENERGY SECTORS Fox wants to open the electric-power industry to more private investment and sell off money-losing petrochemical plants. DATA: BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS Mexican Revolution (int'l edition) LATIN AMERICAN COVER IMAGE: Mexican Revolution TABLE: Challenges ahead for President-Elect Fox TABLE: Making of a President The PRI May Tear Itself Apart (int'l edition) ONLINE ORIGINAL: Vicente Fox on the Transition, NAFTA, Corruption, Drugs, the Economy... INTERACT E-Mail to Business Week Online

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