Re-regulation

Re-regulation in Global Commerce Policy

In this regard, a definition of this issue is as follows: the institution of a new regulatory framework as part of the deregulation of an industry. This may seem contradictory at first glance, but it aims to ensure that competition feature in the deregulated market is genuine. Deregulation often takes away the monopoly function of service providers, but it tends to leave them as important players in the market which is now open to others. Because the former monopoly provider is well ensconced, it may have sufficient dominance to retain a de facto monopoly. The entries on trade policy are here. It may therefore be necessary to enact new competition laws to ensure that the former monopoly does not abuse its market power, and that new entrants get a proper chance to establish their viability in the market.[1]

Re-regulationin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Re-regulation” entry (OAS)

See Also