Zedillo Ponce de León, Ernesto
Zedillo Ponce de León, Ernesto(ĕrnĕs`tō zĕdē`yō pōn`sā thā lāôn`), 1951–, Mexican politician, president of Mexico (1994–2000). Educated as an economist in Mexico and the United States and a member of the Institutional Revolutionary partyInstitutional Revolutionary party,
Span. Partido Revolucionario Institucional (PRI), Mexican political party. Established in 1929 as the National Revolutionary party by former President Plutarco Calles, it brought together the country's governmental, military, and
..... Click the link for more information. (PRI) since 1971, he served as Mexico's minister of planning and the budget (1988–92) and education (1992–93) under President Carlos Salinas de GortariSalinas de Gortari, Carlos,
1948–, president of Mexico (1988–94). A Harvard-educated political economist, he became minister of planning and the budget (1982–87) and succeeded Miguel de la Madrid Hurtado as president in 1988.
..... Click the link for more information. . After the PRI's presidential candidate, Luis Donaldo Colosio MurrietaColosio Murrieta, Luis Donaldo
, 1948–94, Mexican politician and government official, b. Magdalena del Kino, Mex. He studied at the Univ. of Pennsylvania and in Austria, returning to Mexico, where he began his political career.
..... Click the link for more information. , was assassinated in 1994, Zedillo, who had never served in an elected office, was chosen to replace him and won the election. With the economy in recession—reeling from a peso devaluation, rising inflation, and soaring interest rates—Zedillo continued Salinas's free-market economic policies, which ultimately resulted in sustained economic growth. Regarded as hardworking and honest (despite charges of corruption that surfaced in 1996), Zedillo sponsored reforms to share governmental power with the congress, the judiciary, and the states in a country with a long tradition of placing absolute control in the hands of the president. He also worked for closer cooperation with the United States. A 1996 agreement to reduce PRI control over the political process led to elections in 1997 in which the party lost control of the lower house of congress for the first time and, ultimately, the loss of the presidency in 2000. Zedillo was less successful in his efforts to reduce crime, and his administration was plagued by a number of scandals. He became head of the Yale Center for the Study of Globalization in 2002.