EU Regulatory State: Privatization, Agencies, and Market Control
Classified in Law & Jurisprudence
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The Evolution of the Regulatory State in the EU
The role of government in the economy has significantly evolved. We can identify distinct phases:
- Positive State: Initially, governments often owned and controlled key industries.
- Liberalization: A shift occurred towards liberalization, with governments reducing direct control and allowing greater private sector involvement.
- Growth of the Regulatory State: Industries became increasingly governed by private companies, but with regulations set and overseen by both private and public entities.
Factors Contributing to the Decline of the Positive State
- Privatization: Private companies gained control of industries previously managed by the state.
- Europeanization: The increasing influence of the European Union