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Essay on Regulatory Theory: 2,000 words Essay Example

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Essay on Regulatory Theory: 2,000 words

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The 1980s and the 1990s, the role of telecommunication in the economic growth of countries and the entire world became rather apparent, leading to the development of a number of regulatory and competition polices, even though to a limited extent, in many countries (Koops et al. Besides, regulating competition, the regulatory and competition policies were expected to instill dynamism, innovativeness, augment availability, accessibility and increase ICT choices and lower tariffs for customers. The first effect of the wave of ICT reforms that peaked in the 1990s was the privatisation of telecommunication service operators. The second effect of the ICT regulatory policies was the introduction of new varieties of services such as mobile telephony and value-added services (Koops et al. This paper thus explores the need for the regulation of ICT, whether regulation works in the interests of the public and the implications of convergence and innovation on ICT regulation.That the core role of regulation in any industry is to enable sustainability, growth and development is quite apparent and cannot be overemphasized. Therefore, the information and communication technology sector, like the other sectors of an economy, requires a strong legal framework and regulatory mechanisms to function for the betterment of the public. A number of reasons have since been identified to underlie the need for the regulation of information communication and technology. Generally, ICT the need for ICT regulation arises from the recently observed structural changes in the communication industry. The transformation of the industry from a monopoly to a competitive one in many a country has particularly necessitated its stronger regulation (Baldwin et al. Therefore, the regulation of the ICT sector has been particularly important in the creation of an effective environment for fair competition that supports both short-and long-term development in the ICT industry.With the introduction of competition in the telecommunication sector in most countries, there was fear that it would become difficult or impossible to regulate the industry. However, it soon became apparent that regulation was equally necessary in the liberalized and competitive ICT market. In fact, with governments authorising competition and the stakeholders in the telecommunication sector embracing this effective competition, the need for regulation was at its peak. The main purpose of a strong regulatory

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References

Baldwin, R., and Cave, M. (1999) Understanding regulation. Oxford University Press.

Baldwin, R., Cave, M., and Lodge, M. (2010) The Oxford handbook of regulation (oxford handbooks). Oxford University Press.

Baldwin, R., Cave, M., and Lodge, M. (2012) Understanding regulation: theory, strategy, and practice, second edition. Oxford University Press.

Croley, S. P. (2007) Regulation and public interests: the possibility of good regulatory government. Princeton University Press.

Davidson, R. J., Schwartz, G. E., and Shapiro, D. (1986) Consciousness and self-regulation, advances in research and theory, first edition, volume four. Plenum Press.

Fransman, M. (2010) The new ICT ecosystem: implications for policy and regulation, first revised edition. Cambridge University Press.

Koops, B., Prins, C., Schellekens, M., and Lips, M. (2006) Starting points for ICT regulation: deconstructing prevalent policy one-liners (information technology and law series), first edition. T.M.C. Asser Press.

Markova, E. (2010) Liberalization and regulation of the telecommunications sector in transition countries: the case of Russia (contributions to economics). Physica-Verlag HD.

Train, K. (1991) Optimal regulation: the economic theory of natural monopoly. The MIT Press.

Welfens, P. J.J. (2010) Digital integration, growth and rational regulation. Springer.

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