Premium
Trade liberalization and the spread of regulatory institutions: The case of Chile
Author(s) -
Bull Benedicte
Publication year - 2007
Publication title -
regulation and governance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.417
H-Index - 45
eISSN - 1748-5991
pISSN - 1748-5983
DOI - 10.1111/j.1748-5991.2007.00022.x
Subject(s) - liberalization , deregulation , international trade , international economics , free trade , business , economic integration , economics , trade barrier , regional integration , regulatory reform , market economy
It is currently widely recognized that trade liberalization leads not only to deregulation but also to re‐regulation. However, it is less well understood how trade agreements and trade liberalization affect domestic regulatory institutions. This article aims to contribute to such an understanding through a case study of Chile. Since 1990, Chile has pursued a strategy of economic integration through bilateral, regional, and multilateral agreements. The study shows how this strategy has led to the partial implementation of a patchwork of competing regulatory institutions, many of which can trace their roots to the domestically preferred institutions of Chile’s major trading partners.