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Regulatory Directions

Regulatory Directions

According to Giandomenico Majone, the Italian political science scholar, the phenomena of greater economic integration and increased international competition have resulted in a reduced role for the positive, interventionist state, and a corresponding increase in the role of the “regulatory state”. As part of this thesis, international competition is said to take place not only among producers of goods and services but also, increasingly, among regulatory regimes. 

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