Strengths and Weaknesses of Mexico’s Consumer Protection Law of 1976

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Summary:

This article critically assesses the Consumer Protection Law of 1976 in Mexico, highlighting its strengths and weaknesses. The law's strengths include its establishment of a regulatory framework and creation of PROFECO, a central body for consumer protection, providing accountability in the market. However, weaknesses include its technological lag, not effectively addressing modern consumer behavior, and enforcement limitations due to limited resources and bureaucratic hurdles. Overall, the article concludes that while the law was groundbreaking for its time, it requires comprehensive reforms to address its limitations.