Colombia pp 207-232 | Cite as

Regulation and Deregulation: The Process of Reform in Colombia, 1990–94

  • Armando Montenegro
Part of the Institute of Latin American Studies Series book series (LASS)


The constitutional and legal reforms undertaken from 1990 to 1994 drastically altered the roles of government and the private sector in the Colombian economy. These reforms aimed at strengthening the presence of government in long-neglected areas: security, justice and services for the poor. Meanwhile they sought to encourage the private sector to enter into and compete in previously protected markets, and expand its role in areas such as public utilities, social services and infrastructure. Within this context, two elements of these reforms stand out: a massive effort to deregulate vast areas of the economy, and a simultaneous decision to create new institutions for regulating the expanded private sector activities within a competitive environment.


Total Factor Productivity Foreign Exchange Regulatory Commission Public Utility Regulatory Institution 
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Copyright information

© Institute of Latin American Studies 1998

Authors and Affiliations

  • Armando Montenegro

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