A Study On The Process Of Industry Regulation Policy Formulation In Our Country

Industry regulation refers to behaviors that the government intervenes in marketactivities of enterprise and standardize market according to relevant laws andregulations.It is a effective way of increasing pubic welfare and optimizing theallocation of social resources.The policy of industry regulation is a code of conductwhich the government applies to regulate the behaviors of main market players.Goodregulatory effect can not do without a good policy,so the government should work out aset of rules and regulations before regulating market behavior.At first,the paper makes a overview of government’s regulation theory and otherrelevant theories;then,it introduces the participants of regulation policy and thepolicy-formulating process of industry regulation;followed by an analysis of influencefactors when formulating the policy of industry regulation;at last,it puts forward waysabout how to optimize Chinese policy of industry regulation.Based on public interesttheory,group interest theory,theory of public choice,principal-agent theory andtransaction cost theory,I used a variety of anal tical methods,including literatureanalysis,normative analysis and comparison analysis to investigate the industryregulatory policy-formulating process and the problems.The regulation system of Chinese industry policy is not perfect,and manyparticipants take part in discussing.There are many factors influencing the formulationof the policy,and there are also many problems existing in the process of policyformulation.Regulation legislation and formulation are lack of legal norms,and policyinformation is not open to the public.The process is lack of transparency and publicparticipation,so policy procedures are lack of oversight and costly formulation which,invarying degrees,affects the development of the policy.It is also likely to lead to a finalregulation that is contrary to public opinion,damage the interest of the public,and getaway from the goal of the maximization of social welfare.In comparison,he policy-formulating process of United States is open,transparentand it fully takes account of public opinion.The law explicitly regulates the proceduresand formulates a regulatory impact assessment system,adopting the cost-benefit analysismethod to measure the impact of policies on the social and economic potentially andproviding a strong guarantee for the development of the democratic,rational andscientific policy.At present,little has been done for the standardization of the formulation of government regulation policies and government regulation upgrade.In order tostandardize and improve the policy-formulating process and guarantee its results,weneed to formulate a complete set of law system,construct a independent and efficientregulation institution,overt policy formulating process,expand public participation andperfect supervision mechanisms.In addition,considering some countries haveestablished their regulatory impact assessment which could be our references,we can tryto build our own one while gradually perfecting the regulation system.