...Reagan has defined regulation as 'a process or activity in which government requires or prescribes certain activities or behaviour on the part of individuals...generally through specially designated regulatory agencies.'165 Enlisting financial organisations as surrogate environmental regulators requires a view...

...development.2 Moreover, 'regulatory policy' is often linked to 'industrial policy'. It can refer to 'a process or activity in which government requires or proscribes certain activities or behavior on the part of individuals and institutions, mostly private but sometimes public, and does...

...adequately understood as a process of guiding and influencing economic actors. Reagan defines regulation as "a process or activity in which government requires...individuals and institutions, mostly private, but sometimes public".13 This definition is a useful approach to the concept of regulation, which is broad enough...

...are not defined in GATS. We tend to adhere to the broad definition by Reagan, who defines regulation as 'a process or activity in which government requires...on the part of individuals and institutions, mostly private.'4 In fact, regulation encompasses the variety of instruments by which governments act. Regulation...