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Deregulation and its Discontents

Rewriting the Rules in Asia Edited by M Ramesh, Professor and UNESCO Chair of Social Policy Design in Asia, Lee Kuan Yew School of Public Policy, National University of Singapore and Michael Howlett, Burnaby Mountain Professor and Canada Research Chair (Tier 1), Department of Political Science, Simon Fraser University, Canada
Deregulation and its Discontents examines the different ways in which the issues related to deregulation and reregulation have been addressed in Asia.

The role of government in business has gone through distinct, if overlapping, cycles: regulation, deregulation and reregulation. However, little is known about deregulation and even less about reregulation, particularly in relation to Asia. The contributors to this book examine the links between the cycles through detvailed analyses of the electricity market, pensions and stock markets in the Asia Pacific. They also offer an explanation of regulatory cycles.
Extent: 264 pp
Hardback Price: $128.00 Web: $115.20
Publication Date: 2006
ISBN: 978 1 84542 877 8
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  • Asian Studies
  • Asian Economics
  • Asian Politics and Policy
  • Economics and Finance
  • Asian Economics
  • Public Sector Economics
  • Politics and Public Policy
  • Asian Politics
  • Social Policy and Sociology
  • Economics of Social Policy
Deregulation and its Discontents examines the different ways in which the issues related to deregulation and reregulation have been addressed in Asia.

The role of government in business has gone through distinct, if overlapping, cycles: regulation, deregulation and reregulation. However, little is known about deregulation and even less about reregulation, particularly in relation to Asia. The contributors to this book examine the links between the cycles through detvailed analyses of the electricity market, pensions and stock markets in the Asia Pacific. They also offer an explanation of regulatory cycles.

This unique and inter-disciplinary book is thoroughly accessible and will be suitable for specialist as well as non-specialist readers. It will appeal to academics and researchers of public sector economics, Asian studies – and the political economy of Asia in particular – as well as public officials dealing with regulatory issues.
‘. . . an extremely interesting collection, full of insights and institutional detail. . . The book definitely deserves the attention of those interested in one of the most debated issues of the last 20 years in economics and political science.’
– Herb Thompson, Journal of Contemporary Asia
Contributors: M.G. Asher, S.G. Banerjee, J. Ebinger, A. Goyal, N. Gunningham, A. Hira, M. Howlett, I. Klytchnikova, J.A. Lampietti, A. Nandy, J.M. Peha, M Ramesh, G. Sargsyan, M. Shkaratan, D. Sinclair, L.A. Skoufa, P. Sulistiyanto, J.L. Todoc, K. van den Berg, X. Wu
Contents:

1. Preface: The Evolution of De/Reregulation
Michael Howlett and M. Ramesh

PART I: INTRODUCTION: GOVERNANCE AND GLOBALIZATION
2. Governance Crisis in Asia: Developing a Responsive Regulation
Anil Hira

3. Globalisation and National Regulations: Race to the Bottom, Top, and Middle
M. Ramesh

PART II: DEREGULATION AND ITS DISCONTENTS: CASES IN EAST ASIAN REGULATORY REFORM
4. Power’s Promise: Electricity Reforms in Eastern Europe and Central Asia
J.A. Lampietti, S.G. Banerjee, J. Ebinger, M. Shkaratan, G. Sargsyan, I. Klytchnikova and K. van den Berg

5. Privatization and Regulation of Competition in the Electricity Sector
Lucas A. Skoufa

6. Independent Power Producers in Indonesia and the Philippines
Xun Wu and Priyambudi Sulistiyanto

7. Power Sector Deregulation and the Environment: Evidence from the Philippines and Thailand
Jessie L. Todoc

8. Governance and Regulation of Provident and Pension Funds in Asia
Mukul G. Asher and Amarendu Nandy

9. Regulation and Deregulation of the Stock Market in India
Ashima Goyal

PART III: POLICY DESIGN PRINCIPLES FOR REGULATORY REFORM
10. Design Principles for Smart Regulations
Neil Gunningham and Darren Sinclair

11. Universal Service, and the Transition from State Control to State-Monitored Competition
Jon M. Peha

12. Conclusion: The De/Reregulatory Cycle: Learning and Spill-over Effects in Regulatory Policy-Making
Michael Howlett

Index