Mexico: Modern Medici

Most wealthy Latin Americans have so far proved too provincial, too prudent or too suspicious to exploit the new common market trading area set up for them 17 months ago. But there is nothing provincial about Bruno Pagliai, a cosmopolitan tycoon who was reared in Italy, made (and lost) his first million in the U.S. and is now among Mexico's richest men. This week, in the biggest deal yet made within the nine-nation Latin American Free Trade Area, Pagliai, 60, loaded the first part of a $7,000,000 order of steel pipe for the Argentine PASA...

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