Abstract
Scholars tend to agree that imposing comprehensive regulations is one of the most effective strategies states can use to control and direct private security companies. This study shows how attempts to strictly regulate private security firms have failed in Mexico. The Federal government of Mexico, as well as each state government, has created some form of regulation to control the activities of the private security industry. In certain states, these regulations are more stringent than those in many countries. Nonetheless, corruption, weak enforcement, and high entry barriers have created low incentives for private security firms to abide by government regulations, leading to a widespread evasion and an expansive market of unregulated and undisciplined private security companies, thus bringing into question the efficacy of imposing strict private security regulations in states with weak institutions.
Key Words:
Private Security; Regulations; Mexico