Governmental economic regulation: a comparative study. Being a survey of governmental economic regulation and intervention in competition policy and industrial rationalisation in the U.K. and the E.E.C.
Economic regulation is an increasingly important part of governmental
activity. This dissertation is concerned xd.th governmental economic
regulation and intervention in the fields of competition policy, regional
policy and industrial rationalisation. It examines the constitutional
machinery associated with governmental policy in these three fields, comparing
the position in the United Kingdom with that in the European Economic Community,
and then draws certain conclusions from the differences in structures and
With competition policy in the U.K., the roles of the Monopolies Commission
and the Restrictive Practices Court arc examined, together with their relationships
with Government departments and other bodies. Thereafter attention is turned
to the Commissions enforcement of a community competition policy in the E.E.C.
Turning to governmental participation in industrial rationalisation in
the U.K., after a short discussion of previous activity in this field, the role
of the Industrial Reorganisation Corporation is discussed, as are the powers
to be acquired by the Government under the Industrial Expansion Bill. This
is followed by an examination of the action by community institutions in the
field of industrial rationalisation in the E.E.C.
Finally consideration is given to governmental regional policy. The
present structure of regional planning machinery in the U.K. is described and
certain of the problems associated with it are discussed. The various instruments
of regional policy operated by the Board of Trade and the Department of Employment
and Productivity are covered and particular attention is given to the role of the Highlands and Islands Development Board. With regional policy in the E.E.C.
the examination is primarily concerned with the community instruments for
regional development. These are the European Social Fund, the European
Investment Bank and the European Agricultural Guidance and Guarantee Fund.
The role of the Commission in co-ordinating regional development in the
community is also discussed, particularly with regard to its control over the
regional policies of the member states.
Throughout this examination of the constitutional machinery associated
with these economically related policies, particular attention is given to
the procedural links between the administrative bodies involved. The
relationship between administrative and control machinery is also discussed.
In conclusion certain suggestions are made for developing constitutional
machinery suitable for the three policies of governmental economic regulation