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Reconsideration of the legal concept of regulation

  • Public Land Law Review
  • Abbr : KPLLR
  • 2012, 58(), pp.451-474
  • Publisher : Korean Public Land Law Association
  • Research Area : Social Science > Law

Kim, Sung-Bae 1

1국민대학교

Accredited

ABSTRACT

The Coalition Government of the United Kingdom elected in May 2010 has already set out some important changes to the country's structures for regulation. For example, the institutions for regulation of financial services and healthcare are to be reorganised and the previous Government's regulatory reform programme is to be extended. These plans include substantial cuts in government expenditure, and the Spending Review determined the share of the cuts to be taken by individual government departments and programmes. the SR is about more than just the allocation of funds; it forms part of fundamental reforms in the role of the public sector and the delivery of public services. Past study of regulation has assumed that it is concerned with hierarchical relations between state regulators and private actors, rather than with relationships within the state itself. However, it is striking that definitions of regulation have widened considerably recently, at least in the sociological, if not the economic, literature. Regulation is secured by organizing economic incentives to steer business behaviour, by moral suasion, by shaming and even by architecture. This article will examine the spending review process from the viewpoint of regulatory studies and find suggestion for Korean Regulation studies and budget distributing process.

Citation status

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