AN APPROACH BETWEEN ECONOMIC REGULATION IN ALGERIA AND THE PRINCIPLES OF GOVERNANCE (BETWEEN RESPONSE INDICATORS AND THEIR LIMITATIONS)
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Abstract
Many countries, including Algeria, have witnessed a transformation of the state in economic and legal affairs and in the relationship between them. As a result, they have adopted a regulatory approach that expresses the new role of the state, manifested in the establishment of a hybrid institutional framework known as economic regulators to achieve the efficiency of its intervention and the effectiveness of its economic performance in the regulated sectors. This is linked to the extent of their responsiveness to the way in which the principles of good governance are exercised, which has been introduced in the context of comprehensive reforms, including the entrenchment of governance requirements.
This concurrent reform depends to some extent on the consideration of the solutions of these categories that replace the traditional bodies in organising this area as a legal context for achieving good governance. This requires research into the existence of indicators of this responsiveness through an approach between, on the one hand, the principles of governance and, on the other hand, the practice of regulation through the multiplicity of powers granted to it within a legal framework, in order to arrive at the reality that economic regulation is considered a mechanism for governance.
However, this responsiveness has been affected by some constraints that have touched the regulatory framework of economic regulators, through the ambiguity surrounding them and the relativity that has characterised their independence, in addition to the fluctuation recorded in the exercise of judicial control over their decisions and its restraint from the legislative authority.
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