Mexico's election is primarily based on local issues. Like every other country, Mexicans will try to vote on issues that impact them.
However, one cannot deny the impact of what happens in Mexico.
At this point, Hugo Chavez of Venezuela is in a losing streak.
In Peru, Chavez lost. Alan García beat populist Ollanta Humala. Chavez was issue # 1. The Peruvian people did not appreciate the comments and intervention from Caracas. García won by 10 points.
Last month, Colombia returned President Alvaro Uribe to a second term with 62 percent of the vote. Uribe, a U.S. ally, ran on a pro-market, tough-on-narco-terrorism platform.
These two elections rejected Chavez and leftist populism.
This is why the Mexico election matters. Chavez is losing and Mexico could make it 3 in a row!