Publication: Mitigating Regulatory Risk in Telecommunications
Smith, Peter L.
In the transition from state-owned monopolies to privately led and increasingly competitive market structures in telecommunications, poor performance of regulatory agencies limits the benefits of reform. This Note proposes measures for establishing a regulatory framework that enables better sector performance even when a full-fledged regulatory agency is lacking. These measures reduce the need for agency decisions -- for example, by prepackaging rules and accelerating competition. They enhance the credibility of regulation -- for example, by locking in principles through international agreements. And they generate maximum impact from scarce professional and financial resources by using them effectively -- such as by contracting out functions and creating multisectoral or regional agencies.
“Smith, Peter L.; Wellenius, Bjorn. 1999. Mitigating Regulatory Risk in Telecommunications. Viewpoint. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/11470 License: CC BY 3.0 IGO.”
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