Regulatory Climate—Power of Money: Contribution of Regulators, Legislators, and Politicians

Abstract

Over the past few decades we have observed a global trend toward deregulation of business. The marketplace began to experience some major deregulation worldwide starting in the 1980s. In the mid-1990s, deregulation picked up speed at a faster pace to attract foreign capital and gain access to world markets. The pace has somewhat slowed down recently because of some political and economic events. The subprime crisis has crystallized some opposition. The critics are putting pressure on the legislators to reverse the trend and prevent another crisis of wild business management behavior.