Removing Administrative Barriers and Regulating Markets

Improving the business environment is a key aspect of the policy agenda for growth. Chile pioneered liberalisation policies in the 1970s and 1980s, but some reforms were designed with a perhaps excessive faith in the functioning of markets. Advances in microeconomic theory and accumulated experience in Chile and OECD have led to a better understanding of the role of economic regulation. Along these lines, the government plans to strengthen its regulatory framework and to improve competition law enforcement by creating a new, independent Antitrust Tribunal with more resources and greater independence from the government...