MIAMI — In a landslide vote on Sunday, Mexicans elected Andrés Manuel López Obrador as their subsequent president. AMLO, as he’s identified, has been labeled populist, leftist, authoritarian and nationalist. Yet he’s additionally been known as a pragmatist and a fiscal conservative. Who is AMLO and how much president is he apt to be? All of the above is the proper reply.

Mr. López Obrador is each a leftist ideologue and a practical politician. He favors rising social welfare spending and claims to be a fiscal conservative too. He’s stood for election as a dedicated democrat however campaigns as a populist, and he has an authoritarian streak.

He is a capitalist who requires elevated state intervention within the financial system. He insists he’s pro-business however within the subsequent breath savages Mexico’s enterprise leaders by title for a historical past of cozy offers with the federal government. His coalition contains onerous leftist admirers of Fidel Castro and Hugo Chávez, socially conservative Christian evangelicals, and plenty of others in between.

He is a posh politician who has made seemingly contradictory statements all through his political profession and throughout the present political marketing campaign.

So which Mr. López Obrador will govern Mexico?

All of them. There aren’t a number of AMLOs, however one.

Mr. López Obrador is an ideologue who goals to remodel Mexico politically, economically and socially, however who prefers a gradual change to rapid revolutionary upheaval. He’s a thin-skinned populist who lashes out towards his opponents however operates throughout the free constraints of Mexican politics. His targets are ideologically pushed, however his programs are mostly pragmatic.

As mayor of Mexico City from 2000-05, he expanded social welfare spending, together with an old-age pension, with out busting the price range. He labored carefully with the businessman Carlos Slim to refurbish a downtown that was nonetheless broken by the massive 1985 earthquake. And he brought in international advisers to assist develop new concepts to cope with insecurity and crime.

In financial coverage, the president-elect says he hopes to finance a pointy improve in social welfare spending by means of an anticorruption marketing campaign and authorities austerity packages. Critics, including prominent fiscal analysts, argue that the financial savings received’t start to cowl his lengthy want listing.

Having promised no tax will increase and no vital deficits, how will he work the steadiness sheet?

Many fear that he’ll observe Chávez-like economics, spending what he doesn’t have. But Mr. López Obrador’s statements and his tenure as Mexico City’s mayor recommend in any other case. It appears possible that he’ll provoke his promised packages, however at a tempo dictated by the supply of funds. He appears to understand that doing in any other case might ignite inflation, which hurts the poor most.

Like others of the nationalist left, Mr. López Obrador lengthy and fervently opposed both the North American Free Trade Agreement and vitality reform. But he additionally understands that the context has modified, and that being in workplace requires the pragmatism absent from his decade-long quest for the presidency.

He now accepts Nafta and reliance on commerce with the United States as a reality of life, and he has backed the crew renegotiating the settlement.

And he has pulled again from a promised referendum on the 2013 energy reform that, for the primary time since 1938, allowed overseas funding within the hydrocarbons sector. He acknowledges that he doesn’t have the backing to reverse the constitutional modifications that enabled the reform and understands that he can obtain most of his goals with out modifying the Mexican Constitutution.

Mr. López Obrador strongly helps electoral democracy and the “sexenio,” the six-year term-limited presidency. But he’ll chafe at constitutional constraints on presidential powers, and he’s apt to pillory Mexico’s autonomous bureaucracies ought to their actions hinder his insurance policies.

Mr. López Obrador’s coalition should get a majority in Congress, however that received’t give him the capability to vary the Constitution to enact his personal reforms, as his predecessors have. He may even encounter a big selection of presidency businesses jealous of their autonomy and tasks, together with most notably the Supreme Court, the Central Bank, the Hydrocarbons Commission and the Federal Transparency Institute.

The authoritarian AMLO could rail towards their obstructionism, however he can do little within the brief time period to mitigate the obstacles they pose to his coverage preferences.

None of which means Mr. López Obrador will fail to vary Mexico. He will. It doesn’t imply that his pragmatism will stop him from making some dangerous coverage decisions. It received’t. And his rhetorical excesses will most definitely reinforce fears that he’s a radical in a pragmatist’s clothes.

Mr. López Obrador seems devoted to setting in movement a terrific transformation that creates a powerful nationwide financial system with rather more authorities intervention, much less poverty and inequality, and elevated nationwide sovereignty and autonomy. That idealism will certainly get the higher of him at instances. Mistakes will likely be made. But then his innate pragmatism and real-world constraints should kick in. His future and Mexico’s will depend upon it.

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