Canada, with its more or less 30 million people, is one of the United States biggest trading partners. As a matter of fact Canada is the US largest market for its agricultural export in the northern hemisphere. This importance of the Canadian market had been numerously acknowledged by the United States Canada is a truly vital ingredient to the United States' well being and security as a nation.First, I would like to discuss why market regulation is necessary. In a nutshell market regulation is supposed to promote competition which, in turn, is supposed to increase the economic efficiency of an economy. Admittedly there are industries wherein regulation is needed to control market competition, otherwise the players in that industry will abuse their power. Let's take for example the so-called natural monopolist. A natural monopoly occur [whenever] a single firm has the ability to produce all of the industry's output at a lower per-unit cost than other firms attempting to produce less than total industry output (Miller, 2008, p. 452). Examples of industries where natural monopoly occur are natural gas and electric utilities.
[...] The aim of this paper is to present a discussion on the business interest groups influence on the public policy making in the United States by quoting opinions from experts who are against or for lobbying. In the process, I will also be including my opinion, though I am not claiming I am an expert on the subject matter. Much of the America's laws regulating business have footprints of business and special interest groups. Even in the European Union's effort to tighter its rules on chemical safety was influenced by American business interest groups' lobbying efforts. [...]
[...] Second, I would like to discuss why Canada's market regulation seems much weak than that of the United States actually, this is the main topic of this paper. According to Roger LeRoy Miller, U.S. government began regulating social and economic activity early in the nation's history, but the amount of government regulation began increasing in the twentieth century” (2008, p. 454). Three of the more noteworthy agencies for market regulation by the United States' federal government are: Federal Trade Commission or FTC which was created in 1914 to “[prevent] businesses from engaging in unfair trade practices and I monopolistic actions” (Miller p. [...]
[...] An excellent example of the disparity in the regulation of competition in Canada and United States is the regulation of the practice of psychologist. Shead and Dobson concluded that “psychologist can become considerably more aggressive in their professional advertising practices, while still adhering to appropriate ethical constraints” (Koocker p. 137). The regulations for these professionals are much stricter in the other. South Park's Bigger, Longer & Uncut said: Time have changed, our kids are getting worse They won't obey their parents, they just want to fart and curse Should we blame the government? [...]
[...] The Lancet (9510), 556-557. Volokh, A. (2008). PRIVATIZATION AND THE LAW AND ECONOMICS OF POLITICAL ADVOCACY. Stanford Law Review 1197-1253. Works Cited Bidwell, P. (1939). Our invisible tariff. Foreign Affairs 774-787. Crafts, N. (2006). Regulation and productivity performance. Oxford Review of Economic Policy 186-202. Craik, N. & DiMento, J. (2008). Environmental Cooperation in the (Partially) Disaggregated State: Lessons from the Security and Prosperity Partnership of North America. Chicago Journal of International Law 479-504. Eckert, A. & West, D. (2002). Predation in [...]
[...] Clearly there is an absence that it fills; perhaps the solution is a form of governance much broader than government. As we closely observe the policy making process of the United States, we will surely learn something that each of us can apply to our own policy making to arrive at a more effective and efficient process. Works Cited Allen, M. (2005) Laying Down the Law? Interest Group Influence on State Adoption of Animal Cruelty Felony Laws. Policy Studies Journal 443- 457. [...]
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