Encyclopedia > Deregulation

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Deregulation is the process by which governments removed selected regulations on business in order to encourage the efficient operation of markets.

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United States Deregulation was a major trend in the United States in the last quarter of the twentieth century. A number of major deregulation initiatives were passed. Some of these were withdrawn quickly (but not quickly enough to avoid major problems), including the deregulation of savings and loans[?]. American savings banks, which were permitted to lend unfettered, had their depositors funds insured by the federal government, creating a moral hazard. Others have been considered more widely successful, including deregulation of transportation, the gas market[?], and the electricity market. At the beginning of the twenty-first century, the media market was significantly deregulated.

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Japan Since the economic buble in 1990s collapsed, the Japanese government has seen deregulation as effective way to life its economy because it has a huge deficit and cannot conduct a large tax-cut[?].

New Zealand to be added

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