Feasible Alternatives for a National Oil Policy

Cover Feasible Alternatives for a National Oil Policy
Feasible Alternatives for a National Oil Policy
Zenon Soteriou Zannetos
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-10- bureaucracv so that aboliton mav become automatic, unless explicitly extended . We must realize that the political processes are not as consistent as the economic processes, and that the memory of the legislative process is short. In the absence of competitive market forces there is little incentive for efficiency and automatic "weeding" of the inefficient does not take place. On top of this, and especially in democratic societies, policy making, administrative processes and regulatory act
...ion tend to function independently of each other to a far greater extent in the 9 public sector than they do in the private sector. That is why we find public regulation and bureaucracies becoming permanent or extending their life beyond what IS necessary.
The Role of Crises in Motivating Action Ideally one should plan so as to prevent serious crises. But it is part of human nature to postpone planning, to avoid venturing into the unknown and to delay taking a position about the future, if at all possible.


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