Deregulation

Deregulation is the process by which governments remove selected regulations on business in order to (in theory) encourage the efficient operation of markets. The theory is that fewer regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower prices overall. Deregulation is different from liberalization because a liberalized market, allowing any number of players, can be regulated to protect the consumer's rights, especially to prevent de facto or even legal oligopolies.

Argentina

Argentina has underwent heavy economic deregulation during Menem's government, during the 1990's. These policies, implemented under advice of international organizations like the IMF and the WTO, eventually became unpopular after the year 2001, when the Argentine economy entered in crisis. Many people, both in Argentina and abroad, blame de-regulation for being a factor that caused the crisis.

Related Topics:
Argentina - Menem - 1990's - IMF - WTO - 2001

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See also: Economy of Argentina, Argentine economic crisis

Related Topics:
Economy of Argentina - Argentine economic crisis

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