What is in an election? As Mexico gears up for Sunday’s presidential vote, much of the chatter has centred on the possible return of the centrist Institutional Revolutionary Party (PRI) under Enrique Peña Nieto, its candidate and far-away favourite, according to opinion polls.

And with little wonder: when the party finally lost power in 2000 after ruling for 71 consecutive years of pseudo democracy, many political analysts predicted that the party would shrivel and die as the country embraced a new, more pluralistic future.

But let’s step back a moment from the constant questions of “will a PRI victory mean a return to the past?” and consider the political and economic stability that this election season offers investors compared with six years ago. Continue reading »