1. World problems
  2. Over-reliance on economic interest groups by policy agencies

Over-reliance on economic interest groups by policy agencies

Incidence

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.

Claim

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.

Broader

Aggravates

Aggravated by

Strategy

Value

Reliance
Yet to rate
Overreliance
Yet to rate

SDG

Sustainable Development Goal #8: Decent Work and Economic GrowthSustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(F) Fuzzy exceptional problems
Subject
  • Commerce » Agencies, dealers
  • Economics » Economic
  • Policy-making » Policy
  • Content quality
    Presentable
     Presentable
    Language
    English
    Last update
    May 20, 2022