Word: setting
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Dates: during 1990-1990
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...backed by tough action. He has restored business enterprises largely to private hands, most notably by selling off the national airline and Cananea, the nation's largest copper mine. The national telephone company and Mexico's 18 banks have also been put up for sale. Since 1989, when he set out to liberalize foreign-investment regulations, $5.2 billion in new capital has flowed into Mexico, along with consumer goods once unavailable. Salinas has also rectified a dangerous reliance on oil, which produced 78% of Mexico's export income in 1982. Today it accounts for less than...
Salinas' economic drive has meant redefining some crucial relationships. By extending a friendly handshake to Bush, he has shifted away from prickly concerns about a gringo economic invasion and set U.S.-Mexican relations on a steadier course. Conversely, his approach to Mexico's perennial lawlessness has been firm, from tracking down top drug traffickers to jailing corrupt union and business leaders. Admirers who call Salinas' rapid-fire methods "world-class" say this President is a man in a hurry...
...fact, the rationale for war goes beyond oil. The showdown with Saddam is a test case of whether the international community can contain unprovoked aggression in the post-cold war world. If the Iraqi dictator gets away with his seizure of Kuwait, the precedent will be set for other aggressions and other wars, some of them potentially nuclear, started by any nation that wants to alter the map of the world by force. American public opinion so far seems to understand this intuitively, but without much help from the President. He will have to do better than that...
...through his six-year term, the question of Salinas' successor already pervades Mexican political life. Because the President is barred from re-election himself, his ability to impose his choice on the country is the foundation of the P.R.I.'s lock on power. But the very reforms he has set in motion may prevent Salinas from extending the 60-year- old political monopoly that put him in office...
Many wonder how long such a fragile arrangement can last. The new government faces a growing economic crisis and the same divisive issues that brought down Singh. Chandrashekhar will somehow have to cool down tempers raised by Singh's plan to set aside government jobs for lower castes, but he will not find it any easier to settle the future of the disputed holy site at Ayodhya...