Operationalization of Independent Agencies: Opportunities for Fusion, Increased Oversight and Balance of Independence and Accountability
Publisher: Istitute for Development Policy (INDEP)
Volume: 21 pages, pdf
Description
Regulatory independent agencies are in place because in certain sectors economy cannot guarantee self-regulation and that for certain rights to be exercised it takes guarantee of special state institutions. Thus, independent agencies either execute a function without which market economy would be seriously harmed, or enable exercise of a right which would not be exercised otherwise or would only partially be exercised without having independent agencies in place. Therefore, existence of independent agencies and their operation is in the overall socio-economic interest.