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This is an examination of how legal and economic issues affect developing countries. Particular emphasis is placed upon Latin America, with studies of deregulation in Mexico, judicial reform in Latin America and jurisprudence of the antitrust committee in Chile. It also emphasizes the essential role of formal law in any effort to develop market economies in the Third World and thus raise the living conditions of people there. The volume is the third part in a monograph series seeking to systematically analyze legal-economic issues. The series intends to formulate and/or critique alternative theories of law and economics including the new law and economics, the economics of property rights, institutionalist and neo-institutionalist law and economics, and public choice theory.