Re-regulation
Re-regulation: the institution of a new regulatory framework as part of the deregulation of an industry. This may seem contradictory at first glance, but it aims to ensure that competition feature in the deregulated market is genuine. Deregulation often takes away the monopoly function of service providers, but it tends to leave them as important players in the market which is now open to others. Because the former monopoly provider is well ensconced, it may have sufficient dominance to retain a de facto monopoly. It may therefore be necessary to enact new competition laws to ensure that the former monopoly does not abuse its market power, and that new entrants get a proper chance to establish their viability in the market.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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