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July 30, 2001 With this letter, I keep my long-delayed promise to write to you about the reactivation of economic growth in Mexico. I have studied the reports your collaborators sent me. Although these reports have proven indispensable, my letter does not address the close interpretation of the economic data nor deal with the technical details of policy. I lack the local knowledge needed to move at this level. Instead, I try here to go to the heart of some of the problems and possibilities we discussed during our conversations in Mexico. Whatever advantage I may have in offering these observations and suggestions results from my situation as an outsider looking from a distance, and with greater detachment, at the predicament your government now confronts. This advantage is, of course, the reverse side of a grave disadvantage, which is the lack of intimate acquaintance with the circumstance. I cannot achieve the focused attention and the intimate insight into constraint and opportunity that may come with direct responsibility. I must take the advantages and disadvantages of my position as I find them, and do the best I can in the execution of this task. What I lack in close
connection, I make up for in empathy. I desire the success of your
administration in the opening up of a new path for Mexico and for Latin America
with more fervor than I can either justify or explain.
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