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Preferred term

regulatory state  

Definition

  • The notion of the regulatory state suggests that the role of the state in economy and society is shifting from positive intervention to arms-length regulation and arbitration, particularly in advanced industrial economies. The supposed rise of the regulatory state has thus both a policy and an institutional dimension. [Source: Encyclopedia of Governance; Regulatory State]

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https://concepts.sagepub.com/social-science/concept/regulatory_state

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