Government at a Glance: Latin America and the Caribbean 2017
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Government at a Glance: Latin America and the Caribbean 2017

This second edition of Government at a Glance: Latin America and the Caribbean provides the latest available data on public administrations in the LAC region and compares it to OECD countries. It contains new indicators on public finances, centres of government, regulatory governance, open government, digital government and public procurement. This edition also includes a special feature on health budgeting.

After a decade of sustained economic growth reinforced by high commodity prices, economic conditions are deteriorating in the LAC region. In this context, LAC governments are expected to design and deliver more inclusive, transparent  and efficient policies. This report provides policy makers with performance measurements and offers comparative perspective. Good indicators are needed more than ever to help governments make informed decisions and tough choices, in order to  maintain progress and improvements in the region.

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Special feature: Competition-Friendly Regulatory Environment You do not have access to this content

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Author(s):
OECD

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A competition-friendly regulatory environment can help raise living standards by stimulating investment, trade and employment. Competition provides the incentives for firms to allocate resources efficiently and contributes to diffusing innovation more rapidly, which may help bridge the persisting productivity gap between the LAC region and advanced economies. It also benefits consumers by facilitating a broader choice and better quality of products at a lower price. There are two important elements to a competition-friendly regulatory environment. First, regulations must be designed in a way that enhances competition and lowers entry barriers encouraging firms to innovate and improve efficiency without being too heavy a burden on companies. Second, these regulations must be complied with or enforced in a transparent and cost-effective way. The OECD Indicators of Product Market Regulation (PMR) are a comprehensive and internationally comparable set of indicators that measure the degree to which policies promote or inhibit competition in areas of the product market. The overall PMR indicator aggregates information in the areas of state control, barriers to entrepreneurship and barriers to trade and investment. A high score of the composite indicators signals that regulatory conditions are less favourable to competition.

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