Preview

E-Waste

Powerful Essays
Open Document
Open Document
9367 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
E-Waste
REGULATION FOR ENTERPRISE DEVELOPMENT AND
REGULATORY IMPACT ASSESSMENT

by Colin Kirkpatrick and Jenifer Piesse

CONTENTS:

Executive Summary

1. ENTERPRISE DEVELOPMENT AND THE ENABLING BUSINESS ENVIRONMENT:

1.1 Private Sector Development 1.2 An Enabling Business Environment 1.3 Encouraging Business Enterprise within the Context of Good Governance 1.4 Market Failure and the Enabling Business Environment 1.5 Market Failure and Government Policy 1.6 Is an Enabling Business Environment also a Sustainable Development Environment? 1.7 Summing Up

2. THE REGULATORY ENVIRONMENT

2.1 Defining Regulation 2.2 Regulatory Reform and the Enabling Business Environment

3. REGULATORY IMPACT ASSESSMENT (RIA)

3.1 Overview 3.2 What is Regulatory Impact Assessment (RIA)? 3.3 Estimating the Costs, Benefits and Risks of Regulation 3.4 Assessing the Impact of Regulation on the Business Environment 3.5 Summing Up
EXECUTIVE SUMMARY

In market economies, the private sector is the predominant source of economic activity. Much of the investment, human capital and knowledge which drives economic growth is sourced in the private sector and private enterprises are the major providers of employment, incomes and essential goods and services. The private sector can also provide expanding opportunities for poor people whether through self-employment in microenterprises or as employees in small and medium businesses.

Well functioning markets are needed if the private sector’s role in generating growth and incomes is to be sustained. But markets often fail to function well if left to themselves, and public intervention may be required when markets fail to deliver economically efficient outputs of goods and services. Intervention may also be needed if the markets generate an outcome that is inconsistent with broader goals of social justice or environmental sustainability.

You May Also Find These Documents Helpful

  • Good Essays

    Week 2 Gm 520

    • 777 Words
    • 4 Pages

    1. State the administrative agency which controls the regulation. Explain why this agency and your proposed regulation interests you (briefly). Will this proposed regulation affect you or the business in which you are working? If so, how? Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (1) a Word doc with the questions and your answers and (2) a copy of the proposed regulation you used for this assignment. (10 points)…

    • 777 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Mcc11447 Ch39W 001 020

    • 13652 Words
    • 69 Pages

    private sector and government in economic development. Finally, we look at policies that might help…

    • 13652 Words
    • 69 Pages
    Powerful Essays
  • Good Essays

    The private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state. These are things like workforces.…

    • 2880 Words
    • 12 Pages
    Good Essays
  • Good Essays

    Gordon Brown also addressed this issue in a speech to the Social Market Foundation (SMF) in 2003, which summarized the problems of market failure very well. In fact Brown was so concerned that he stated the following:…

    • 2052 Words
    • 9 Pages
    Good Essays
  • Better Essays

    Going Concerning

    • 1664 Words
    • 7 Pages

    In terms of alternatives IFRS defines going concern as the period in the foreseeable future (Finance Train, 2013). According to IAS 1 Presentation of Financial Statements “an entity preparing IFRS financial statements is presumed to be a going concern.” Furthermore if there are significant concerns about the ability to continue as a going concern, these uncertainties must be disclosed by management and financial statements not prepared under a going concern basis (Deloitte, 2013).…

    • 1664 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Human Space Exploration

    • 492 Words
    • 2 Pages

    -Private Sector Investment: the part of a country's economy that consists of privately owned enterprises…

    • 492 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    What is market failure? Market failure is defined as the situation where the free market fails to achieve allocative efficiency – the market fails to achieve an outcome that maximizes society’s welfare. Government intervention during market failure may in certain cases be justified, but in other cases unjustified. This essay intends to discuss if government intervention in markets that fail is justified and effective, by addressing and focusing on the economic problem of externalities, demerit goods, and the lack of provision of public goods.…

    • 981 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    1. Markets fail when they under or over allocate resources of production or consumption, relative to the best interests of society. Market failure occurs due to four main factors: the existence of externalities, asymmetric information, the abuse of monopoly power, and inequalities and wealth and development. The existence of externalities means that the market mechanism does not always work efficiently. Markets run on a mechanism that only takes into account the private benefit and cost for a good. Besides the marginal private cost and marginal private benefit, there are the marginal social cost and marginal social benefit, which are external. As a result, governments must find responses to try to solve these market failures.…

    • 1708 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    cornell notes

    • 262 Words
    • 2 Pages

    Benevolence necessary for success within planned economy is not common human trait and often has unintended negative consequences.…

    • 262 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Government Intervention

    • 1576 Words
    • 7 Pages

    In most of the countries, the government has intervened in the market system. To some extent there is a dire need of government intervention in the market system, although there is a debate over this point among the economists. Many economists believe that the role of government intervention improves the market system. The government can easily enforce the rules that can help in the smooth functioning of the market system. On the other hand, there are economists who believe that government interventions in a market system are the reason of inefficiency in the system.…

    • 1576 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    The unpredictable and complex nature of the market has left economists and politicians with a plethora of issues, generating incredible contention over how to mend each of the market’s failures. Those on one end of the ideological scale will usually argue that most market failures are not self-correcting and that some sort of government intervention is necessary. Generally, their underlying assumption is that intervention is needed to counteract the combined factors of human greed and today’s concentrated distribution of wealth which has created a system so unbalanced that the market cannot always control itself and could instead be driven by those with enough money and power.…

    • 667 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    GOVERNMENT INTERVENTION IN THE MARKET Content • Market failure and government failure • Competition policy • Public ownership, privatisation, regulation and deregulation of markets • Notions of equity • The problem of poverty • Government policies to alleviate poverty and to influence the distribution of income and wealth • Cost Benefit Analysis Market Failure • Markets fail for a number of reasons: – Externalities (social costs and social benefits) – Monopolies – Imperfect information – Factor immobility – Due to equity issues – where there is a disparity between resource allocation Government Failure • This occurs when government interventions either increase the severity of market failure or cause a new failure to arise • This occurs when policies: – Have damaging long term consequences – Are ineffective – Cause more problems than solve problems Methods of Government Intervention • • • • • • Taxation Subsidies Buffer Stocks Pollution permits State provision Regulation Causes of market failure • Inadequate information this may result from: – Not doing a cost benefit analysis – Insufficient information on long term costs / benefits • Conflicting objectives: – Governments tend to think in the short term rather than the long term therefore fail to consider long term costs / benefits – If governments control an industry they may be more concerned with their interests than those of the public – If the policy interventions lead to negative consequences for consumers / producers e.g. higher income tax Causes of market failure • Administration costs – these may be too high to reap the benefits of the intervention • Political self interest – politicians may do what is best for them thereby resulting in inefficient resource allocations Regulatory Capture • Regulatory capture this is where a government regulatory agency who are meant to be acting in the public interest instead becomes…

    • 1970 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    Why do markets fail to generate socially desirable outcomes? Markets are not infallible. They can fail to organise economic activity in a socially desirable fashion. Markets failure are due to social inefficiency and inequity. In the real world, the market rarely leads to social efficiency: the marginal social benefits of most goods and services do not equal the marginal social cost. Part of the problem is the existence of 'externalities', part is a lack of competition, and part is the fact that markets may take a long time to adjust to any disequilibrium, given the often considerable short-run immobility of factors of production. Let's analyse the types of market failure.…

    • 1565 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Mixed Economy

    • 555 Words
    • 3 Pages

    Both public and private enterprises exist in this economic system. The role and areas of both the sectors arc well defined.…

    • 555 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Waste Management

    • 9851 Words
    • 40 Pages

    The project entitled as “MANAGING WASTE AND UNDERSTANDING THE PROCESS OF ETHANOL MAKING IN INDIA GLYCOL LTD.” is basically a study about the production process of ethanol making ,fermentation and waste management in INDIA GLYCOL LTD. Gorakhpur U.P. The major aspects of the process are been covered and a study on the loopholes in the process is done to detect the process and provide the alternative route for the use of waste , in continuation to that the solution to those problems are also been provided. The major problem faced during the on goings of the project is related to data unavailability and the technical unawareness about the machines employed in the production process apart from these drawbacks there was a constraint of lack of support from the employees and the workers who were consulted for the technical specifications.…

    • 9851 Words
    • 40 Pages
    Powerful Essays

Related Topics