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Competition Law and Policy
A state-led model of growth created a situation of relative prosperity in Costa Rica, but over time the model proved unsustainable. Costa Rica has increasingly been unable to balance its budget and has seen an ever-increasing growth of government debt. To combat these difficulties and increase Costa Rica’s competitiveness, in the past 15 years the country has been engaged in deregulation, liberalization, and privatization. Included in these market reforms were the introduction of a competition law in 1994, and the establishment of a competition agency one year later. This law interacts with other reforms to create a more market-friendly economic environment.
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