Hispanic America

As part of our efforts to gain a comprehensive understanding of competition policy and innovation in various regions of the world, we have launched the Hispanic America Initiative, which aims to amplify the voices of Hispanic American countries, offering insights into their economies and unique dynamics.

Hispanic American countries face distinct challenges from a competition policy perspective, requiring tailored approaches. High concentration levels in most economies of the region call for regulatory methods that prioritize optimal economic efficiency, different from those commonly used in larger economic contexts. There is a growing recognition of the importance of exploring tailor-made competition policy approaches rather than solely relying on frameworks borrowed from other jurisdictions. Hispanic American nations possess unique socio-economic contexts, cultural dynamics, and market structures that cannot be adequately addressed by simply replicating policies from larger or more developed economies.

It is true, however, that even though Hispanic American countries share similar challenges and dynamics, there are also big differences among the countries of the region that also need to be considered. For example, while some jurisdictions like Chile, and Mexico have started to discuss potential competition concerns in the digital markets, Guatemala is debating to introduce a competition law after decades of discussion. The Hispanic America Initiative recognizes these differences and provides a platform to consider competition policy within the context of each country's particular reality.

One of the main questions that will be subject to discussion during the Hispanic America initiatives is what the purpose of antitrust is and the impacts that competition policy can have on consumers and the economy of such countries. It should be analyzed, for example, whether prioritizing innovation, dynamic efficiencies, and technological progress as cornerstones of antitrust objectives may accelerate growth and development in the Hispanic American context. Should competition policy pursue long-term growth and overall productivity instead of focusing solely on short-term goals?

There is a need for policymakers, scholars, and practitioners to engage in comprehensive research and discussions on the particularities of competition policy in the region. By embracing the debate, Hispanic American countries will not only address their specific competition challenges more effectively by sharing their experiences across the region but also contribute to the global discourse by offering fresh and unique perspectives. The Hispanic America Initiative welcomes interdisciplinary experts to join us in this endeavor.