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This article introduces the special issue on "Rewarding Regulation in Latin America" by explaining the origins and potential value of the concept. It pays particularly careful attention to the limits of both regulation, as traditionally practiced, and deregulation in developing democracies today. And it briefly describes the individual contributions to the issue and summarizes their broader lessons.

This publication provides two sets of comparative studies on insurance regulation and supervision covering Asia and Latin America. Altogether 31 countries and economies in these regions are covered. As far as Latin America is concerned, it is the first OECD publication dealing with insurance issues in this region. The work constitutes a valuable reference on insurance policy issues for policy makers and experts in the public sector, actors in the private sector and academics both in OECD Member countries and non-Member economies. This review is part of the OECD's ongoing co-operation with non-

This publication provides two sets of comparative studies on insurance regulation and supervision covering Asia and Latin America. Altogether 31 countries and economies in these regions are covered. As far as Latin America is concerned, it is the first OECD publication dealing with insurance issues in this region. The work constitutes a valuable reference on insurance policy issues for policy makers and experts in the public sector, actors in the private sector and academics both in OECD Member countries and non-Member economies. This review is part of the OECD's ongoing co-operation with non-

Abstract
The evolution and development of microfinance markets is conditioned by external factors such as macroeconomic variables, institutional country level, availability of conflict resolution mechanisms, informal sector features, and applicable regulation. A careful design of the latter aspect is needed because it can either be a tool for promotion (by facilitating and making flexible microfinance institutions activities) or a restriction to market development by setting unnecessary limits or requirements. Considering these ideas, this paper analyzes the relationship between regulatory frameworks for microfinance in 17 Latin American countries and the level of development and specific features in its corresponding microfinance markets.

In spite of not being 'public goods' in the strict sense of the term, public provision has been a common way of supplying utilities services around the world. Among the major reasons underlying the dominant position of the public sector as the provider of infrastructure are the recognition of the economic and political importance of infrastructure for development, and the faith that government provision could offset market failures characterizing the utilities market. However, under public provision, universal access to the services remained elusive, with large sectors of the population being excluded. At the same time, the financing of services became a heavy burden on government budgets. As documented elsewhere in the research project, a major move towards privatization started in Latin America in the 1980s and early 1990s following the pioneering experiences of Chile's and the UK's infrastructure reform. – utilities ; privatization ; public goods ; regulation

This book explains how states informally regulate drug markets in Latin America. It shows how and why state actors, specifically police and politicians, confront, negotiate with, or protect drug dealers to extract illicit rents or prevent criminal violence. The book highlights how, in countries with weak institutions, police act as interlocutors between criminals and politicians. It shows that whether and how politicians control their police forces explains the prevalence of different informal regulatory arrangements to control drug markets. Using detailed case studies built on 180 interviews in four cities in Argentina and Brazil, the book reconstructs how these informal regulatory arrangements emerged and changed over time.