Introduction This chapter discusses the processes and outcomes of regulatory reforms and the recent “better regulation” agenda in the developing context of Latin America. Two complementary forces shaped the apparently mimetic processes and outcomes of the regulatory reforms in the region: (1) pressure from the developed center to the developing periphery, fuelled by the actions of international organizations such as the World Bank and Organisation for Economic Cooperation and Development (OECD), as were the previous market-oriented reforms during the late 1980s (Dubash and Morgan 2012; Jacobs 2005; Kirkpatrick et al. 2004, 2003), and (2) the simultaneous role of important domestic factors that also inuenced the processes and outcomes of such “center to periphery” diusion of regulatory reforms.