On the meaning and importance of 'independence' in telecom reform
William H Melody
Telecommunications Policy, 1997, vol. 21, issue 3, 195-199
Abstract:
Regulatory capture has always been a problem with regulated industries, especially telecom. PTOs currently stand in the bottleneck of the telecom value chain, restraining opportunities for both the equipment supply and service development sectors, as well as new players in the traditional telecom sector. Just as PTO management needs strength and independence to function effectively, so do telecom regulators. In both cases, a high degree of independence is justified by a comparable degree of accountability. Telecom 'competition' is still limited to the major industry players and is being played primarily in the arenas of politics and bureaucracy. Only strong independent regulation can move it into the marketplace where it can help achieve the goals of telecom reform.
Date: 1997
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