Melody Interview plus

Posted on December 19, 2004 / 2 Comments

contains an interesting interview with Bill Melody and two other items worth reading. A new publication of the Mexican regulatory agency, COFETEL.

Worth thinking about: Bill’s central point is that the new regulatory agencies must have flexibility. He says their managers must have expertise, independence, capacity, etc.: “they must be informed and sophisticated market managers focused on using market tools strategically as their principal weapon in achieving pubic interest objectives.” Given the difficulties, nay impossibility, of achieving these good qualities in real-world regulatory staff, is this going to create more harm than good?