IDEAS home Printed from https://ideas.repec.org/p/ags/idpmcr/30639.html
   My bibliography  Save this paper

The Institutional Policy Framework for Regulation and Competition in Sri Lanka

Author

Listed:
  • Knight-John, Malathy

Abstract

The liberalization of the Sri Lankan economy in 1977 and the privatization of state enterprises in the ensuing years, created a need for competition policy and rules-based regulatory systems to address distributional concerns. However, the integration of these newer external regulatory processes into the policy framework was slow due to an ongoing civil war, pressures to finance the burgeoning fiscal deficit and the related move to opt for rapid privatization. In addition, the policy and governance milieu, institutional structures, and legal framework within which these reforms were finally formulated and implemented did not allow for an effective competition and regulatory regime. This paper describes and analyzes the policy, institutional and legal framework for competition and regulation in Sri Lanka, placing them in the context of pervasive bad governance practices. It is argued that rampant political capture is the principal obstacle to the creation of effective competition and regulatory agencies. The paper also poses the following questions - how to build effective competition and regulatory institutions and systems and to create the conditions for good regulatory governance in a milieu where bad governance is omnipresent; should the competition and regulation reform process rely more on a "market approach" to the delivery of public interest; can such an approach actually guarantee insulation from political influence, given that vested interests with political connections are not confined to the state sector alone; and what impact will such an approach have on equitable growth and poverty alleviation - and suggests that these should form the basis for the Sri Lankan component of the CRC competition, regulation, and regulatory governance research and capacity building program over the next few years.

Suggested Citation

  • Knight-John, Malathy, 2002. "The Institutional Policy Framework for Regulation and Competition in Sri Lanka," Centre on Regulation and Competition (CRC) Working papers 30639, University of Manchester, Institute for Development Policy and Management (IDPM).
  • Handle: RePEc:ags:idpmcr:30639
    as

    Download full text from publisher

    File URL: http://ageconsearch.umn.edu/record/30639/files/cr020040.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Parker, David, 2001. "Economic Regulation: A Preliminary Literature Review and Summary of Research Questions Arising," Centre on Regulation and Competition (CRC) Working papers 30616, University of Manchester, Institute for Development Policy and Management (IDPM).
    2. Sisira Kumara Jayasuriya & Malathy Knight-John, 2000. "Sri Lanka's Telecommunications Industry: From Privatisation to Anti-Competition?," Working Papers 2000.12, School of Economics, La Trobe University.
    3. Ogus, Anthony, 2001. "Regulatory Institutions and Structures," Centre on Regulation and Competition (CRC) Working papers 30704, University of Manchester, Institute for Development Policy and Management (IDPM).
    4. Minogue, Martin, 2001. "Governance-Based Analysis of Regulation," Centre on Regulation and Competition (CRC) Working papers 30590, University of Manchester, Institute for Development Policy and Management (IDPM).
    5. Kirkpatrick, Colin, 2001. "Regulatory Impact Assessment in Developing Countries: Research Issues," Centre on Regulation and Competition (CRC) Working papers 30640, University of Manchester, Institute for Development Policy and Management (IDPM).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eldridge, Derek & Goulden, Brian, 2005. "A Diagnostic Model for Capacity Building in Regulatory Agencies: An Empirical Study Based on the ICT Sector, Southern Africa," Centre on Regulation and Competition (CRC) Working papers 30667, University of Manchester, Institute for Development Policy and Management (IDPM).
    2. Jalilian, Hossein & Kirkpatrick, Colin & Parker, David, 2003. "Creating the Conditions for International Business Expansion: The Impact of Regulation on Economic Growth in Developing Countries - A Cross-Country Analysis," Centre on Regulation and Competition (CRC) Working papers 30689, University of Manchester, Institute for Development Policy and Management (IDPM).
    3. Jalilian, Hossein & Kirkpatrick, Colin & Parker, David, 2007. "The Impact of Regulation on Economic Growth in Developing Countries: A Cross-Country Analysis," World Development, Elsevier, vol. 35(1), pages 87-103, January.

    More about this item

    Keywords

    Public Economics;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:idpmcr:30639. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/idmanuk.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.