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Mexico: Progress in Implementing Regulatory Reform

Mexico: Progress in Implementing Regulatory Reform by Organisation for Economic Co-operation and Development
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Mexico has made significant progress implementing reforms since the first Review of Regulatory Reform in Mexico, published in 1999. A comprehensive regulatory programme at the federal level has accompanied the economic transition of recent years. Political leadership and co-operation between political actors and private stakeholders have been key elements for reform. Regulatory policy has also been part of a market openness strategy, fostering free trade and attracting investment. 

This publication identifies the lessons learned from the implementation process. The monitoring exercise covers the core issues of government capacity for regulatory quality and market openness. Comprehensive chapters on regulatory authorities and the electricity sector, fundamental for Mexico’s economic and social development, complete the analysis.

Since the end of the 1990s, Mexico has used regulatory policy to increase the flexibility and competitiveness of the economy in the midst of a political transition. The goal was to improve the regulatory environment for domestic and foreign businesses. However, further progress on regulatory reform can help Mexico enhance its potential growth. Sectoral aspects deserve further attention, in order to lift long-term economic prospects.

Regulatory quality can be strengthened by the extension of regulatory policy to sub-federal levels of government, a clearer hierarchy of regulations, and more effective compliance and enforcement mechanisms. Regulatory authorities require a modern regulatory framework which ensures that independence is balanced with accountability. The electricity sector needs important changes: a stronger regulator, the introduction of competition principles, and a transparent system for tariffs and subsidies. This report shows how regulatory policy, as a dynamic process aimed at improving regulatory tools and institutions, can make a difference. A whole-of-government approach can positively contribute to deepen structural reforms needed to promote private investment and to boost the productivity and competitiveness of Mexico.

Organisation for Economic Co-operation and Development; January 2004
245 pages; ISBN 9789264017528
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Title: Mexico: Progress in Implementing Regulatory Reform
Author: Organisation for Economic Co-operation and Development