OECD Home › Economics Department › Regulatory reform and competition policy
Legal systems provide the basic institutions for firms and markets to operate. Their quality can have
important consequences on the size distribution of firms, who rely on them for contract enforcement.
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Recent regulatory reforms, such as new or restructured regulators for water, energy and transport, need to be effectively implemented. The competition authority’s extended powers to query anti-competitive measures should be actively used.
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It is important to create a more competitive electricity sector by reducing the dominance of the ten regional monopolies through ownership unbundling of generation and transmission and expanding the wholesale market.
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Well-designed competition law, effective law enforcement and competition-based economic reform promote increased efficiency, economic growth and employment for the benefit of all. OECD work on competition law and policy actively encourages decision-makers in government to tackle anti-competitive practices and regulations and promotes market-oriented reform throughout the world. |
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Regulatory reform The OECD has advanced work in a number of areas including: administrative simplification; regulatory compliance and enforcement; regulatory impact assessment; transparency and communication; and alternatives to regulation through the Regulatory Policy Committee. |
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