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Sector Policy
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Notes on Sector Policy
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Sector PolicyThe service policy as such does not exist because there is no ministry of services, but
rather they are divided into various services such as transport, tourism, information and
communications, etc. So there is no joint policy.
In general terms, this sector has traditionally been highly regulated, there have been
many regulations that have conditioned this sector and that have made it not a free
sector because the public authorities of all countries have acted with a view to
correcting the failures of market (imperfect information, non-competitive markets...)
that were happening and that is why they have regulated it. There has also been great
pressure from interest groups who wanted to condition or nullify competition in those
markets. This has meant that the configuration of this sector has been characterized by
intense public intervention
with limitations on the entry of new companies. There were administrative
concessions, as well as non-transparent regulations that discouraged efficient business
behavior. Therefore, highly regulated and heavily intervened .
In the 1980s, a policy of deregulation or liberalization of services began in the US and
Great Britain. From here it spread to the rest of Europe in the 1990s. This liberalization
has basically consisted of removing limitations on the entry of new companies and
opening concessions to new companies. Pricing is liberalized, even this setting is
prohibited. On the other hand, the free development of tertiary activities is allowed.
The ultimate goal was to eliminate existing distortions, overcome existing
inefficiencies and transfer these newly generated benefits to the consumer.
This policy was accompanied by two types of action:
1. Privatization of public companies, starting in the 1990s, with the aim
of subjecting these companies to the discipline of market forces and
allowing them to cooperate in free competition Competition
2. defense policy, regulations were put in place aimed at guaranteeing
that the markets would operate under free competition, not only the
regulations but also some bodies to pursue anti-competitive practices.
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