Most developing countries have been pursuing structural
adjustment programmes, driven by the World Bank and the IMF, for more
than 25 years without initially recognising the importance of regulation
for economic liberalisation. Without regulation, the potential
advantages of liberalising markets were in danger of being diminished in
terms of improved efficiency and welfare. As a consequence, new forms of
regulation have been emerging that cover health, environment, industry,
employment and so on. This book examines the concepts and theories that
have driven these reforms and the particular contexts that have
influenced and conditioned them. The research presented in the book was
carried out at the Centre on Regulation and Competition (CRC),
University of Manchester, the United Kingdom, over the past five years.
It contains fourteen chapters organised in five parts: competition,
regulatory governance, regulation, capacity building and
poverty.