Deregulation is the process by which governments removed selected
regulations on
business in order to encourage the efficient operation of markets.
Deregulation was a major trend in the United States in the last quarter of the
twentieth century. A number of major deregulation initiatives were passed. Some of these were withdrawn quickly (but not quickly enough to avoid major problems), including the deregulation of
savings and loans[?]. American savings banks, which were permitted to lend unfettered, had their depositors funds insured by the federal government, creating a
moral hazard. Others have been considered more widely successful, including deregulation of
transportation, the
gas market[?], and the
electricity market. At the beginning of the
twenty-first century, the
media market was significantly deregulated.
Since the economic buble in 1990s collapsed, the Japanese government has seen deregulation as effective way to life its economy because it has a huge deficit and cannot conduct a large
tax-cut[?].
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