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Regulatory Quality and Competition Policy
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications")- Format:
- Book
- Government document
- Series:
- Investment Climate Assessment
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Advisory Services.
- Business Environment.
- Competition Policy.
- Competitiveness and Competition Policy.
- Consumer Education.
- Consumer Protection.
- Consumers.
- Developing Countries.
- Economic Costs.
- Economic Development.
- Fair Trade.
- Gdp.
- Innovation.
- Insurance.
- Insurance Industry.
- International Finance.
- Investment Climate.
- Job Creation.
- Legal System.
- Legislation.
- Liberalization.
- Living Standards.
- Monopolies.
- Private Sector Development.
- Privatization.
- Productivity.
- Public Policy.
- Regulators.
- Regulatory Agencies.
- Rent Seeking.
- Small Businesses.
- Technology Transfer.
- Telecommunications.
- Total Factor Productivity.
- Transparency.
- Local Subjects:
- Advisory Services.
- Business Environment.
- Competition Policy.
- Competitiveness and Competition Policy.
- Consumer Education.
- Consumer Protection.
- Consumers.
- Developing Countries.
- Economic Costs.
- Economic Development.
- Fair Trade.
- Gdp.
- Innovation.
- Insurance.
- Insurance Industry.
- International Finance.
- Investment Climate.
- Job Creation.
- Legal System.
- Legislation.
- Liberalization.
- Living Standards.
- Monopolies.
- Private Sector Development.
- Privatization.
- Productivity.
- Public Policy.
- Regulators.
- Regulatory Agencies.
- Rent Seeking.
- Small Businesses.
- Technology Transfer.
- Telecommunications.
- Total Factor Productivity.
- Transparency.
- Place of Publication:
- Washington, D.C. : The World Bank, 2010.
- System Details:
- data file
- Summary:
- 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.
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