The excesses of regulatory agencies

The role of an effective regulatory regime in promoting economic growth and development has generated considerable interest among researchers and practitioners in recent years. According to experts, the ability of the state to provide effective regulatory institutions can be expected to be a determinant of how well markets and the economy perform; and the impact of regulatory institutions on economic growth will depend on both the efficiency of the regulatory policies and instruments that are used and the quality of the governance processes that are practised by the regulatory authorities. Continue Reading