About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


83 Chi.-Kent L. Rev. [i] (2008)

handle is hein.journals/chknt83 and id is 1 raw text is: CHICAGO-KENT LAW REVIEW VOLUME 83 2008 NUMBER 1 CONTENTS SYMPOSIUM: LAW AND ECONOMIC DEVELOPMENT IN LATIN AMERICA: A COMPARATIVE APPROACH TO LEGAL REFORM SYMPOSIUM EDITORS THOMAS H. HILL RICHARD WARNER INTRODUCTION TO LAW AND ECONOMIC DEVELOPMENT IN LATIN AMERICA: A COMPARATIVE APPROACH TO LEGAL REFORM Thomas H. Hill 3 ARTICLES OPEN MARKETS, COMPETITIVE DEMOCRACY, AND TRANSPARENT AND RELIABLE LEGAL SYSTEMS: THE THREE LEGS OF DEVELOPMENT James R. Jones 25 In the 1990s, reform swept through Latin America. Open markets replaced closed economies. Real democracy replaced one-party rule and rigged elections. For about half of the region's population, economic and political conditions im- proved-yet the gap between the rich and poor widened. The poor half received little or no tangible benefits from these economic and democratic reforms. This article argues that the most difficult and probably most important reform remains to be accomplished: the reform of the legal and regulatory systems throughout Latin America. Until that happens, dreams of first-world recognition and respect- ability will elude Latin nations. INDUSTRIAL AND COMPETITION POLICIES IN MEXICO Eduardo Pgrez Motta 31 Until the 1980s, the Mexican economy was closed and strongly directed and controlled by the central government. However, starting with the second half of this decade and continuing into the 1990s, a marked change in industrial policy sought to create conditions that would open the economy and foster competition and economic efficiency. This process was undertaken by implementing a first gen-