An analysis of why Canada’s regulation of competition is weaker than in the United States

Type :

Term papers

Pages :

9 pages

Format :

.doc

Published date :

05/28/2009

Category :

Political science

Sub category :

Political science

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Summary :

Introduction
Need for market regulation
Impact of excessive regulation
Comparison of Canada's regulation to the American one
The main objectives of regulating the economic activities
Disparities in the regulation of competition
The emerging trend of international regulation
Business interest groups influence over policy making in the United States
The making of public policy
Examples of lobbying efforts in the United States
Reactions on business interest groups
The US democratic system
Conclusion
Bibliography

Abstract

canada, with its more or less 30 million people, is one of the united states biggest trading partners. As a matter of fact canada is the US largest market for its agricultural export in the northern hemisphere. This importance of the Canadian market had been numerously acknowledged by the united states - canada is a truly vital ingredient to the united states' well being and security as a nation.First, I would like to discuss why market regulation is necessary. In a nutshell market regulation is supposed to promote competition which, in turn, is supposed to increase the economic efficiency of an economy. Admittedly there are industries wherein regulation is needed to control market competition, otherwise the players in that industry will abuse their power. Let's take for example the so-called natural monopolist. A natural monopoly occur "[whenever] a single firm has the ability to produce all of the industry's output at a lower per-unit cost than other firms attempting to produce less than total industry output" (Miller, 2008, p. 452). Examples of industries where natural monopoly occur are natural gas and electric utilities.