Over-reliance on economic interest groups by policy agencies

The 1980s has seen a fragmentation of the international trading system with an ever-increasing number of trade issues being treated outside the the framework of GATT and a large and growing number of GATT rules themselves being circumvented. Such circumvention is often the reflection of the particular interests of domestic high-cost producers, thus attenuating the broader international benefits of a properly functioning trading system.
Policy agencies which are designed to regulate economic structures for the common welfare have become dominated by interest groups from the very economic groups they were designed to regulate. The agencies are protected by legal procedures unrelated to present needs.
Problem Type:
F: Fuzzy exceptional problems
Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 16: Peace and Justice Strong Institutions
Date of last update
15.02.1997 – 00:00 CET