Mexico
The site of advanced Amerindian civilizations, Mexico came
under Spanish rule for three centuries before achieving independence
early in the 19th century. A devaluation of the peso in late 1994
threw Mexico into economic turmoil, triggering the worst recession
in over half a century. The nation continues to make an impressive
recovery. Ongoing economic and social concerns include low real
wages, underemployment for a large segment of the population,
inequitable income distribution, and few advancement opportunities
for the largely Amerindian population in the impoverished southern
states. Elections held in July 2000 marked the first time since the
1910 Mexican Revolution that the opposition defeated the party in
government, the Institutional Revolutionary Party (PRI). Vicente FOX
of the National Action Party (PAN) was sworn in on 1 December 2000
as the first chief executive elected in free and fair elections.

Micronesia, Federated States of
In 1979 the Federated States of
Micronesia, a UN Trust Territory under US administration, adopted a
constitution. In 1986 independence was attained under a Compact of
Free Association with the US, which was amended and renewed in 2003.
Present concerns include large-scale unemployment, overfishing, and
overdependence on US aid.

Midway Islands
The US took formal possession of the islands in 1867.
The laying of the trans-Pacific cable, which passed through the
islands, brought the first residents in 1903. Between 1935 and 1947,
Midway was used as a refueling stop for trans-Pacific flights. The
US naval victory over a Japanese fleet off Midway in 1942 was one of
the turning points of World War II. The islands continued to serve
as a naval station until closed in 1993. Today the islands are a
national wildlife refuge. From 1996 to 2001 the refuge was open to
the public; it is now temporarily closed.

Moldova
Formerly part of Romania, Moldova was incorporated into the
Soviet Union at the close of World War II. Although independent from
the USSR since 1991, Russian forces have remained on Moldovan
territory east of the Dniester River supporting the Slavic majority
population, mostly Ukrainians and Russians, who have proclaimed a
"Transnistria" republic. The poorest nation in Europe, Moldova
became the first former Soviet state to elect a Communist as its
president in 2001.

Monaco
Economic development was spurred in the late 19th century
with a railroad linkup to France and the opening of a casino. Since
then, the principality's mild climate, splendid scenery, and
gambling facilities have made Monaco world famous as a tourist and
recreation center.

Mongolia
The Mongols gained fame in the 13th century when under
Chinggis KHAN they conquered a huge Eurasian empire. After his death
the empire was divided into several powerful Mongol states, but
these broke apart in the 14th century. The Mongols eventually
retired to their original steppe homelands and later came under
Chinese rule. Mongolia won its independence in 1921 with Soviet
backing. A Communist regime was installed in 1924. During the early
1990s, the ex-Communist Mongolian People's Revolutionary Party
(MPRP) gradually yielded its monopoly on power to the Democratic
Union Coalition (DUC), which defeated the MPRP in a national
election in 1996. Since then, parliamentary elections returned the
MPRP overwhelmingly to power in 2000 and produced a coalition
government in 2004.

Montserrat
Much of this island was devastated and two-thirds of the
population fled abroad because of the eruption of the Soufriere
Hills Volcano that began on 18 July 1995.

Morocco
Morocco's long struggle for independence from France ended
in 1956. The internationalized city of Tangier was turned over to
the new country that same year. Morocco virtually annexed Western
Sahara during the late 1970s, but final resolution on the status of
the territory remains unresolved. Gradual political reforms in the
1990s resulted in the establishment of a bicameral legislature in
1997. Parliamentary elections were held for the second time in
September 2002 and municipal elections were held in September 2003.

Mozambique
Almost five centuries as a Portuguese colony came to a
close with independence in 1975. Large-scale emigration by whites,
economic dependence on South Africa, a severe drought, and a
prolonged civil war hindered the country's development. The ruling
Front for the Liberation of Mozambique (FRELIMO) party formally
abandoned Marxism in 1989, and a new constitution the following year
provided for multiparty elections and a free market economy. A
UN-negotiated peace agreement between FRELIMO and rebel Mozambique
National Resistance (RENAMO) forces ended the fighting in 1992. In
December 2004, Mozambique underwent a delicate transition as Joaquim
CHISSANO steped down after 18 years in office. His newly elected
successor, Armando Emilio GUEBUZA, has promised to continue the
sound economic policies that have encouraged foreign investment.

Namibia
South Africa occupied the German colony of South-West Africa
during World War I and administered it as a mandate until after
World War II, when it annexed the territory. In 1966 the Marxist
South-West Africa People's Organization (SWAPO) guerrilla group
launched a war of independence for the area that was soon named
Namibia, but it was not until 1988 that South Africa agreed to end
its administration in accordance with a UN peace plan for the entire
region. Namibia won its independence in 1990 and has been governed
by SWAPO since. Hifikepunye POHAMBA was elected president in
November 2004 in a landslide victory replacing Sam NUJOMA who led
the country during its first 14 years of self rule.