Identifying Alternatives in Regulatory Strategies and measures

Abstract

No AccessMar 2014Identifying Alternatives in Regulatory Strategies and measuresAuthors/Editors: Martín Molinuevo, Sebastián SáezMartín MolinuevoSearch for more papers by this author, Sebastián SáezSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-0057-3_module3AboutView ChaptersFull TextPDF (0.3 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Provides an overview of regulatory strategies and alternatives to regulation appropriate in the services sector, including (1) identifying key strategies for regulating the services sector and evaluating the costs and benefits associated with each; (2) identifying the factors that favor some strategies over others; and (3) linking regulatory strategies to the broader institutional framework needed to ensure efficient and effective regulation—and appreciating the limitations of this approach in developing countries. Policy makers should assess the costs and benefits of regulatory strategies, including whether the strategy creates entry barriers that discriminate against either all potential entrants or foreign entrants, and whether it unnecessarily increases ongoing costs for market participants. Analysis must take a general equilibrium perspective that includes the gains and losses to consumers, because focusing primarily on the needs of producers, will likely create unduly restrictive regulations resulting in less competition, higher prices, and lower variety for consumers. ReferencesBaldwin, Robert, Martin Cave, and Martin Lodge. 2012. Understanding Regulation: Theory, Strategy, and Practice. Oxford: Oxford University Press. Google ScholarCorduneanu-Huci, C, Alexander Hamilton, and Issel Masses Ferrer. 2013. Understanding Policy Change: How to Apply Political Economy Concepts in Practice. Washington, DC: World Bank. Google ScholarDee, Philippa. 2006. “Institutional Strategies within APEC for Improving the Microeconomic Policy Foundations of East Asia’s Economic Performance.” Working Paper, Australian National University, Canberra. http://crawford.anu.edu.au/pdf/staff/phillippa_dee/concept_paper.pdf. Google ScholarFritz, Verena, Kai Kaiser, and Brian Levy. 2009. Problem-Driven Governance and Political Economy Analysis: Good Practice Framework. Washington, DC: World Bank Google ScholarHoekman, Bernard M and Michel M Kostecki. 2009. The Political Economy of the World Trading System. New York: Oxford University Press. Google ScholarMiroudot, Sébastien, Jehan Sauvage, and Ben Shepherd. 2010. Measuring the Cost of International Trade in Services. MPRA Paper 27655, University Library of Munich. Google ScholarOECD (Organisation for Economic Co-operation and Development). 2007. Integrating Competition Assessment into Regulatory Impact Analysis. Paris: OECD. Google ScholarOECD (Organisation for Economic Co-operation and Development). 2008. Introductory Handbook for Undertaking Regulatory Impact Analysis (RIA). Paris: OECD. Google ScholarOECD Product Market Regulation Database. http://www.oecd.org/eco/reform/indicatorsofregulatoryconditionsintheretaildistributionsector.htm. Google Scholar1994. Regulation: Legal Form and Economic Theory. Oxford: Hart Publishing. Google ScholarOgus, Anthony I. 2004. Regulation: Legal Form and Economic Theory. Reprint, Portland, OR: Hart Publishing. Google ScholarWorld Bank. 2002. World Development Report 2002: Building Institutions for Markets. Washington, DC: World Bank. Google ScholarWorld Bank. 2008. The Political Economy of Policy Reform: Issues and Implications for Policy Dialogue and Development Operations. Washington, DC: World Bank. Google ScholarWorld Bank. 2010a. Making It Work: “RIA Light” for Developing Countries. Washington, DC: World Bank. Google ScholarWorld Bank. 2010b. Regulatory Quality and Competition Policy. Washington, DC: World Bank. Google ScholarWorldwide Governance Indicators (database). World Bank, Washington, DC. http://info.worldbank.org/governance/wgi/index.asp. Google Scholar Previous chapterNext chapter FiguresreferencesRecommendeddetails View Published: March 2014ISBN: 978-1-4648-0057-3e-ISBN: 978-1-4648-0058-0 Copyright & Permissions Related TopicsInternational Economics & Trade KeywordsEXPORTERSTRADABLE GOODS AND SERVICESTRADE COMPETITIONTRADE DIVERSIFICATIONTRADE LAWTRADE REFORM PDF DownloadLoading ...