Abstract

The article deals with the problems of actualization of the conceptual and terminological apparatus in the sphere of regulatory policy. It is stated that the legislative and regulatory framework gives broad rights in the formation and implementation of regulatory policy to both authorities and local self-government bodies at different levels (public administration bodies), as well as to business entities, their associations, and scientific institutions. To form an effective regulatory policy should also have an appropriate terminology, which would allow to clearly identify the processes and involved in these actors. The analysis of the concepts of “mechanisms of administration” and “mechanisms of regulation” was carried out, in which it was determined that regulation is a function of government. Particular attention is paid to the study of the relation between the concepts of state and public in the field of regulatory policy. It is noted that under current conditions, policy is formed not only by government bodies and their institutions, but also by civil society or business structures or their associations. Therefore, with the involvement of institutions in the process of forming policies, these policies are transformed into ones. In doing so, the establishes general rules for policy making. The author’s definitions of new terms pertaining to the sphere of regulatory policy are formulated: regulatory policy, subject of regulatory policy, object of regulatory policy. The involvement of horizontal links in the structure of regulatory policy (the horizontal component of the process of its formation and implementation) means involving not only actors in a particular sphere of regulation or level of government, but also institutions from outside the direct vertical of governance. Thus, the regulatory policies may include not only the decisions governing economic relations, but also solutions that directly or indirectly affect the social and economic relations. This interpretation allows regulatory policy to be a full- fledged component of policy as a whole and to ensure a steady increase in social and economic standards, reduce social tensions in society, ensure a fair distribution of goods, etc.

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