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Traditional examples of industrial policy include subsidizing export industries and import-substitution-industrialization (ISI), where trade barriers are temporarily imposed on some key sectors, such as manufacturing. [7] By selectively protecting certain industries, these industries are given time to learn (learning by doing) and upgrade.
Examples of regulatory agencies that enforce standards include the Food and Drug Administration in the United States and the Medicines and Healthcare products Regulatory Agency in the United Kingdom; and, in the case of economic regulation, the Office of Gas and Electricity Markets and the Telecom Regulatory Authority in India.
For example, in the US, some regulators who are tasked with implementing CAC techniques are given rule-making powers. Whereas in the UK, regulatory standards are more commonly set by departments of government. This is achieved through both primary and secondary legislation which is subsequently exacted by regulatory bureaucracies. [2]
Regulatory policies involve government intervention in the form of laws, regulations, and oversight. Examples include environmental regulations, labor laws, and safety standards for food and drugs. Another example of a fairly successful public regulatory policy is that of a highway speed limit. [4]
Dumping, also known as predatory pricing, is a commercial strategy for which a company sells a product at an aggressively low price in a competitive market at a loss.A company with large market share and the ability to temporarily sacrifice selling a product or service at below average cost can drive competitors out of the market, [1] after which the company would be free to raise prices for a ...
The Government of Jamaica Procurement Guidelines apply to government procurement in Jamaica, [203] and the Public Sector Procurement Policy of November 2010 reflects "the government's ... strategy to further reform the public procurement system that is aligned to international best practices and promote fair competition for government contracts".
Transportation regulations are created by agencies within the Department of Transportation, and the department is responsible for carrying out federal transportation policy. The mission statement of the Department of Transportation is "to deliver the world’s leading transportation system, serving the American people and economy through the ...
The policies of the United States of America comprise all actions taken by its federal government.The executive branch is the primary entity through which policies are enacted, however the policies are derived from a collection of laws, executive decisions, and legal precedents.