Regulatory Quality and Competition Policy

Regulatory reform and competition policy are two important and inter-related areas of regulatory policy and public administration. Both can play a key role in improving the quality of regulation, and creating healthy and competitive markets and an attractive investment climate. This in turn leads to greater economic growth, employment and incomes. Part one of this paper discusses definitions and key issues associated with regulation, regulatory quality, and competition policy. This discussion focuses on competition policy as it relates to restrictions on competition and also pro-competitive regulation, which involves protecting consumers through economic regulation. Part two of this paper considers institutions and processes for implementing regulatory quality and competition policy agendas, including regulatory agencies, regulatory reform bodies, competition authorities and broader regulation-making processes. Part three notes the importance of assessing competition policy issues on a case-by-case basis and identifies the main objectives and features of competition policy. This includes a discussion about when competition policy issues are likely to play an important role in regulatory assessment and reform. Part four considers mechanisms for coordinating- where appropriate-competition policy and regulatory quality assessments, including undertaking competition assessments and providing advice to decision makers.

Bibliographic Details

Main Authors:	International Finance Corporation, Multilateral Investment Guarantee Agency, World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2010
Subjects:	ADJUSTMENT ASSISTANCE, ADMINISTRATIVE BURDENS, ADVISORY PANEL, ADVISORY SERVICE, ADVISORY SERVICES, ALTERNATIVES TO REGULATIONS, ANTITRUST LAWS, APPROACHES TO REGULATION, AUCTION, BARRIER, BARRIERS TO ENTRY, BEST PRACTICE, BUSINESS ENVIRONMENT, BUSINESS PRACTICES, CABINET OFFICE, CABINET PROCESS, CODES OF CONDUCT, COLLABORATION, COLLUSION, COMPETITION LAW, COMPETITION POLICIES, COMPETITION POLICY, COMPETITIVE BIDDING, COMPETITIVE MARKETS, COMPETITIVE PRESSURES, COMPETITIVE PROCESS, COMPETITIVENESS, COMPETITORS, CONCEPTUAL FRAMEWORK, CONSULTATION, CONSULTATION PROCESS, CONSULTATIONS, CONSUMER CHOICE, CONSUMER EDUCATION, CONSUMER PREFERENCES, CONSUMER PROTECTION, CONSUMERS, CONTROL SYSTEM, CONTROLLED PRICES, COPYRIGHT CLEARANCE, COPYRIGHT CLEARANCE CENTER, COST OF ENTRY, CULTURAL CHANGE, DECISION MAKERS, DECISION-MAKING, DECISION-MAKING PROCESS, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING ECONOMIES, DISCUSSION, DOCUMENTS, DRAFT REGULATORY PROPOSALS, ECONOMIC ACTIVITY, ECONOMIC BENEFITS, ECONOMIC COSTS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC PRIORITY, ECONOMIC PROGRESS, ECONOMIC THEORY, ECONOMIC WELFARE, EFFICIENT MARKETS, ENFORCEMENT ACTIVITY, ENVIRONMENTAL PROTECTION, EXCLUSIVE RIGHTS, EXECUTIVE ARM OF GOVERNMENT, EXTERNALITIES, FAIR TRADE, FAIR TRADING, FINANCE CORPORATION, FINANCIAL CAPACITY, FOREIGN AFFAIRS, FORMAL ECONOMY, GDP, GOOD PRACTICE, GOVERNMENT ACTION, GOVERNMENT AGENCIES, GOVERNMENT DEPARTMENTS, GOVERNMENT INTERVENTIONS, GOVERNMENT OFFICIALS, GOVERNMENT OWNERSHIP, GOVERNMENT POLICIES, GOVERNMENT POLICY, GOVERNMENT REGULATION, GOVERNMENT REGULATORS, INCOME, INCOMES, INNOVATION, INSURANCE, INSURANCE INDUSTRY, INTEGRATION, INTERNATIONAL COMPETITION, INTERNATIONAL FINANCE, INTERNATIONAL MARKETS, INVESTMENT CLIMATE, JOB CREATION, JURISDICTION, JURISDICTIONS, LEADING, LEGAL DISPUTES, LEGAL SYSTEM, LEGISLATION, LEGISLATIVE REVIEW, LIBERALIZATION, LIVING STANDARDS, LOGIC, MARKET EFFICIENCY, MARKET FAILURE, MARKET PRICES, MARKET SHARES, MEDIA, MINISTER, MINISTERS, MONOPOLIES, MONOPOLY, NATIONAL ECONOMY, NATURAL MONOPOLY, OLIGOPOLY, OUTPUT, OUTPUTS, POLICY DEVELOPMENT, POLICY DEVELOPMENT PROCESS, POLICY GOAL, POLICY GOALS, POLICY IMPLICATIONS, POLICY OBJECTIVE, POLICY PERSPECTIVE, POLICY PROPOSALS, POLICY REQUIREMENTS, POLICY STATEMENTS, POLITICAL RISKS, PREDATORY PRICING, PRICE COMPETITION, PRICE CONTROLS, PRIVATIZATION, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROGRAMS, PUBLIC ADMINISTRATION, PUBLIC CONSULTATION, PUBLIC INTEREST, PUBLIC INTEREST OBJECTIVES, PUBLIC NOTIFICATION, PUBLIC POLICY, PUBLIC POLICY GOALS, PUBLIC POLICY OBJECTIVES, QUALITY OF INFORMATION, QUALITY REGULATION, QUALITY REGULATIONS, REFORM PROGRAM, REFORM PROGRAMS, REGULATION MAKING, REGULATION POLICY, REGULATION REVIEW, REGULATOR, REGULATORS, REGULATORY ACTIONS, REGULATORY AGENCIES, REGULATORY AGENCY, REGULATORY APPROACH, REGULATORY AREAS, REGULATORY AUTHORITIES, REGULATORY CONCERNS, REGULATORY DECISIONS, REGULATORY ENVIRONMENT, REGULATORY FRAMEWORK, REGULATORY IMPACT, REGULATORY IMPACT ANALYSIS, REGULATORY IMPACT ASSESSMENT, REGULATORY IMPEDIMENT, REGULATORY INSTITUTIONS, REGULATORY INTERVENTION, REGULATORY ISSUES, REGULATORY MANAGEMENT, REGULATORY OBJECTIVE, REGULATORY OBJECTIVES, REGULATORY POLICIES, REGULATORY POLICY, REGULATORY PROCESS, REGULATORY PROPOSAL, REGULATORY PROPOSALS, REGULATORY REFORM, REGULATORY REFORM STRATEGIES, REGULATORY REFORMS, REGULATORY REGIME, REGULATORY REGIMES, REGULATORY RESTRICTIONS, REGULATORY SYSTEMS, RENT SEEKING, SENIOR REGULATORY, SMALL BUSINESS, SMALL BUSINESSES, TECHNICAL STANDARDS, TECHNOLOGY TRANSFER, TELECOMMUNICATION, TELECOMMUNICATIONS, TELEPHONES, THINKING, TOTAL FACTOR PRODUCTIVITY, TRAINING MATERIALS, TRANSITION ECONOMIES, TRANSPARENCY, USE OF REGULATION, WEALTH,
Online Access:	http://documents.worldbank.org/curated/en/532851468313826265/Better-regulation-for-growth-governance-frameworks-and-tools-for-effective-regulatory-reform-regulatory-quality-and-competition-policy http://hdl.handle.net/10986/27879
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