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Regulatory policy in Latin America: An analysis of the state of play

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  • Tobias Querbach
  • Christiane Arndt

Abstract

Regulation is a critical tool by which governments seek to foster economic growth and social well-being. Countries in Latin America are increasingly investing in processes and institutions that support regulatory quality. Based on the OECD Indicators of Regulatory Policy and Governance (iREG) for Latin America 2016, this paper explores the state of play of regulatory policy in seven countries in Latin America and identifies potential opportunities to improve. The annex includes individual profiles of each of the countries covered, highlighting key achievements and challenges. The analysis of the data shows that countries in the LAC region have taken steps to improve their regulatory governance framework but important gaps remain in most countries in terms of the implementation of key tools, such as consultation with stakeholders, Regulatory Impact Assessment (RIA) and ex post evaluation. Strengthening the institutional oversight of the regulatory process will be critical to ensure the consistent implementation of these tools in the future.

Suggested Citation

  • Tobias Querbach & Christiane Arndt, 2017. "Regulatory policy in Latin America: An analysis of the state of play," OECD Regulatory Policy Working Papers 7, OECD Publishing.
  • Handle: RePEc:oec:govaah:7-en
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    File URL: http://dx.doi.org/10.1787/2cb29d8c-en
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    1. repec:eee:wdevel:v:99:y:2017:i:c:p:75-94 is not listed on IDEAS

    More about this item

    Keywords

    better regulation; consultation; evaluation; regulatory impact assessment; regulatory policy; stakeholder engagement;

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • K2 - Law and Economics - - Regulation and Business Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean

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