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Study Times: Too Much Deregulation May Lead to Problems

The government and local authorities have been trying to deregulate in order to stimulate the economy, but they have over-done and set up potential problems, warns Study Times. The authorities have adopted measures to expedite processing of permits and deregulated certain restrictive policies. “However, there has been a tendency to over-relax.” “Some cognizant departments have approved projects outside their authority, have turned a blind eye to violations of regulations originally implemented to increase economic efficiency and employment, have done absolutely nothing to stop the resurgence of programs already eliminated, and have excused serious violations of law that would protect workers rights and interests.”

Source: Study Times, July 6, 2009