Monday, June 11, 2007
Posted by D. Daniel Sokol
Over at the WSJ, one of my favorite columnists Mary O'Grady discusses the importance of competition in Mexico generally with the recent Mexican Supreme Court decision on media competition. While I think that O'Grady generally gets it right about the importance of competition to Mexico's economic development, she ignores entirely the role that the Comisión Federal de Competencia (CFC) plays in antitrust enforcement in creating a pro-competitive environment in Mexico. This oversight is not warranted. The CFC has been one of Latin America's antitrust success stories and under its Chairman Eduardo Perez Motta it increasingly is focusing its enforcement and competition advocacy in regulated industries-- those that have had significant state ownership and/or heavy state regulation.