Centre on Regulation and Competition WORKING PAPER SERIES Paper No. 43
BibTeX
@MISC{Agencies_centreon,
author = {Brazilian Regulatory Agencies and Andrea Goldstein and José Claudio and Linhares Pires},
title = {Centre on Regulation and Competition WORKING PAPER SERIES Paper No. 43},
year = {}
}
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Abstract
Brazil is going through an institutional transition in the provision of public services, which had historically been supplied by State monopolies. A core element in this process is been the creation of a new form of public sector institutions -- regulatory agencies with operational and financial autonomy. In this paper we identify their most important decisions and provide detailed analysis of the economic and political context in which they have been taken. We then compare Brazil with some of its peers and argue that its regulatory performance has been rather satisfactory so far, although four main problems must be solved: a. clear governance inadequacies in the coordination between different bodies; b. unclear definition of their respective competencies; c. lack of regulatory sovereignty; and d. inadequacies in design of the new antitrust agency. "What are we doing in practice? Creating regulatory agencies, a new State. And when I say regulation, I mean a radicalization of democracy. Improved control deepens democracy" Fernando Henrique Cardoso (1997)
Keyphrases
competition working paper series paper respective competency regulatory performance new state political context main problem public service regulatory sovereignty new form new antitrust agency public sector institution regulatory agency state monopoly unclear definition institutional transition democracy fernando henrique cardoso financial autonomy regulatory agency different body clear governance inadequacy detailed analysis important decision core element
