Economic regulation

Type :

Term papers

Pages :

4 pages

Format :

.doc

Published date :

05/17/2009

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Summary :

 
 

Table of Contents Economic regulation Table of Contents

 
  1. Introduction
  2. The warranty of regulation of the fixed-line telecommunications sector in South Africa
  3. The extent to which regulation of the sector has been successful and yielded the intended consequences
    1. Sector regulation
    2. Aim and objectives of the creating a fixed-line telecommunication in the country
  4. Pitfalls of the current regulation regime
  5. Conclusion
  6. References

Abstract

A regulation is the "employment of legal instruments for the implementation of social-economic policy objectives" (Govender 2008: 10). In this way, according to OECD (2001), regulation "refers to the various instruments (both formal legal and such informal tools as "guidance") used by government to control some aspects of the behavior of private economic actor. regulation can also include rules issued by non-governmental bodies to which governments may have delegated regulatory powers. All regulations are supported by explicit threat and punishment for non-compliance". In this respect, it is interesting to study the nature and extent of economic regulation with reference to the fixed-line telecommunications sector in South Africa and more especially Telkom.

Firstly we need to understand what regulation means, what monopoly is and who implement regulations. regulation - is a control which is imposed to a company which dominates the market with the intention of promoting competition not monopoly and promoting healthy business as defined by Selznick.

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