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Erschienen in:
2011 | OriginalPaper | Buchkapitel
The Transformations of the Regulatory State
verfasst von : Giandomenico Majone
Erschienen in: The New Regulatory State
Verlag: Palgrave Macmillan UK
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This chapter recalls the historical origins and different national traditions of regulation, including changes in the views about the nature of the regulatory process over the last two decades. In order to analyse the privatization and regulation of pension regimes, new conceptual and institutional approaches are needed. The public/private mix which is characteristic of pension policies in Europe is foreign to the theory and practice of old-style statutory regulation, but is quite compatible with the new trends discussed in this chapter. The evolution of the regulatory state will, among other considerations, require a revision of normative criteria.