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An analysis of why Canada’s regulation of competition is weaker than in the United States

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  1. Introduction
  2. Need for market regulation
  3. Impact of excessive regulation
  4. Comparison of Canada's regulation to the American one
  5. The main objectives of regulating the economic activities
  6. Disparities in the regulation of competition
  7. The emerging trend of international regulation
  8. Business interest groups influence over policy making in the United States
  9. The making of public policy
  10. Examples of lobbying efforts in the United States
  11. Reactions on business interest groups
  12. The US democratic system
  13. Conclusion
  14. Bibliography

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. [...]

[...] However, the United States ?tobacco industry has a history of misrepresenting scientific evidence, attempting to directly influence government through the use of lobbying and campaign contributions, and is responsible for more than deaths annually in the United States? (Apollonio & Bero p. 420). One important thing that RJ Reynolds did is to conceal his involvement in Get Government Off Our Back which made it easier for its lobbyist to get access to politicians and policymakers who are normally wary of working with the industry. [...]

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