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Essay on Government Regulatory I tervention in Canadian Business | ||
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This is the first 1,000 characters of 837 words (3.35 pages) in the essay titled Government Regulatory I tervention in Canadian Business Government Regulatory Intervention in Canadian BusinessIt is possible that Canada may be approaching the critical level where the economy is being strangled; where enterprise is re-strained and where entrepreneurship is stifled. But Canada could not dishevel itself that easily. Canadian business will not fall because it doesn t like a few rules. Canadian business will realize that Government regulations have a positive and effective role in society and should be commended, and not scrutinized. Public choice theory explains that the Canadian Government will always strive for pay, perks, and power, and there may not be much Canadians can do about changing the incentive structure of the regulators themselves. But might it be possible to set up and enforce by law, some principles of regulation to make interference more rational, more effective, and less costly? First of all, one would argue that the regulatory entity should always be at the lowest level of government appropriate to the problem. This is really a democratic principle, which allows each citizen to make an input on matters that concern him directly. The example, certainly, is zoning for land use. In the area, the example would be garbage collection. A second principle, but just as important as the first, is to make sure that regulation satisfies some kind of cost-benefit criterion. It is understood, of course, that the regulation should be as cost-effective as possible--that is, of least cost to achieve a... |
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Keywords: canadian business, regulatory intervention, regulatory entity, public choice theory, democratic principle, would argue that, canada, canadian government, government regulations, business government, incentive structure, car emissions, garbage collection, critical level, least cost, motorists, criterion, canadians, regulators, scrutinized