Types of Public Policy-1
Types of Public Policy-1
PUBLIC POLICY
Introduction:
According Larry Irving (1997) “the term ‘self regulation’ itself has a range of
definitions and there is no all encompassing definition of this term.
This term is used quite narrowly to refer to only those instances where the
government has formally delegated the power to regulate, as in the delegation
of securities industry, oversight to the stock exchanges.
At the other end of the spectrum, the term is used when the private sector
perceives the need to regulate itself for whatever reason – to respond to
consumer demand, to carry out ethical beliefs, to enhance industry reputation
or to level the market playing field – and does so
Definition Of Self-Regulation
• The opinions of different scholars can be summarized as
follows:
“An arrangement, involving formal or informal procedures,
rules and norms, that is widely recognized as having the
purpose of constraining the conduct of a set of private
actors, where the procedures, rules and norms are shaped
to a significant degree by some or all of these actor
( including state one) “
Self-Regulatory Policies in the Context of
Pakistan
• Bar Councils
• PMDC
• Pakistan Stock Exchange (PSX)
• Central Depository Company of Pakistan (CDC)
• National Clearing Company of Pakistan (NCCPL)
• Other examples.
Issue Identification by:
Public
The
Government
Legislative
system
Public poll
Judiciary
opinions
Media
Policy Universe and policy sub-system:
• Policy universe is a fundamental unit containing all
possible international social actors and institutions directly
or indirectly effecting a specific policy area.
• From these potential members a subset is drawn which is
known as policy subsystem( is a space where relevant
actors discuss policy issue and pursue it and bargain in
pursuit of their interest.
Types of policy subsystem:
• The actors who participate
Interest more often or directly in
the policy process.
network • Direct involvement.
Health
ministry
Relevant
Medical
health
colleges
department
Pharmaceutical
companies
NGO’s,
hospitals
INGO’s
Media, Think
tanks
Types of Issues:
universal advocacy
selective Technical