The Bolivian Economy suffered from a serious lack of competitiveness that originated from the lack of an institutional framework for the development of competition. According to the international measures of competitiveness, the country had historically been placed among the least competitive.
Econlex was brought in to examine the objectives than an agenda of competition policy should pursue to effectively promote a better performance of the Bolivian economy as a whole. One of our main objectives was to identify the institutional constraints limiting the design of competition policy in Bolivia.
Our team developed a plan, customized for Bolivia’s development needs, that established categories and the fundamental aspects that competition legislation should consider. In order to elaborate this proposal, our team held meeting with various NGOs, state institutions and private sector institutions to have a clear understanding of what were their expectations for the legislative framework requested. A seminary was also held with the presence of private and public sector institutions, with the objective of according which economic and legal concepts should serve as the base for the development of a project of competition law.