Politics Triumphs Economics?, , Pradeep S. Mehta, , Simon J. Evenett, Academic Foundation, 9788171887255

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Politics Triumphs Economics?

Pradeep S. Mehta (Editor) Simon J. Evenett (Editor)

Synopsis The last two decades have been marked by a sea change in the world of regulation-regulatory laws which facilitate the creation of independent regulators have been passed in many countries, both developed and developing. However, it has been observed that mere adoption of regulatory laws is a necessary but not a sufficient condition for changes in regulatory/economic outcomes. Implementation often constitutes the crucial difference between success and failure and this is particularly true in developing countries. The mentioned premise constitutes the starting point of this volume compiled by CUTS, as a part of project entitled the Competition, Regulation and Development Research Forum (CDRF), which is a compendium of studies devoted to characterisingh the state of the world in regulation in developing countries and identifying the political economy and governance constraints that often frustrate the successful implementation of regulatory laws in the developing world. Such detailed identification of constraints is necessary if we are to solve the puzzle of how regulatory objectives/provisions that look so good on paper end up being so ineffective in practice. The study will be of interest to almost the entire spectrum of professionals connected to regulation or its use: academicians, practitioners, policy makers, members of competition authorities or sector regulatory agencies etc. it is hoped that through this volume the study of regulation in developing countries emerges as a distinct field, as it should, given that these countries have regulatory needs and constraints that differ markedly from those of developed countries.

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About the authors

Pradeep S. Mehta

Pradeep S. Mehta (57 is the founder Secretary General of the Jaipur-based Consumer Unity and Trust Society, a leading research and advocacy gruop established in India in 1984. CUTS now operates out of six offices in India, and one each in Zambia, Kenya and UK. Mehta has studied commerce at the Calcutta University and law at the Rajasthan University, Jaipur. Mehta serves on several policy-making bodies of the Government of India, related to trade,environment and consumer affairs. he is the Chairman of the Advisory Board of the South Asia Watch on Trade, Economics and Environment, Kathmandu, and Co-Chairman of the International Network of Civil Society Organisations on Competition. n the past, he has served on the governing boards of the International Centre for Trade and Sustainable Development, Geneva, Life Insurance Corporation of India, Mumbai, Consumer Coordination Council, New Delhi and on the Global Policy and Campaigns Committee on Economic Issues of Consumers Internationa, London. He also serves on the advisory bodies of the Manchester Unviersity's Centre on Regulationand Compeition, and on Loyola University's Institute of Antitrust and Consumer Protection. He is a Visiting Fellow to the Centre on Trade and Investment, Government of Rajasthan. Furthermore, he serves onthe WTO Director General's Informal NGO Advisory Body. Mehta writes extensively in the press in India and abroad, and has published several papers and book, which include: Essays on the International Trading System; Multilateralisation of Sovereignty; Environmental Conditions in International Trade; Analysis of the Interaction between Trade and Competition Policy; State of the Indian Consumer; Numbers at What Cost?; and a serial publication: Globalisation and India-Myths and Realities. the last is addressed to the common person in India, which helps to clarify many basic issues about economic reforms and trade liberalisation.