1. World problems
  2. State monopoly

State monopoly

  • Legal monopolies

Incidence

In Europe, state monopolies dictate air fares, international telephone charges and postal tariffs. Because of a lack of competition these, usually state-owned, companies can get away with unreliable service and poor value for money. Following the spate of bank mergers during the economic adjustments of the late 1980s and early 90s, complaints have arisen about loss of competition between banks and apparent collusion on maintaining high interest rates. State-owned monopolies dominate electricity and gas industries in almost every EEC/EU country, to the degree that, in 1991, ten governments were put on notice by the EC competition commissioner to liberalize their "cartel-like" arrangements.

Broader

Monopolies
Presentable

Narrower

Aggravates

Aggravated by

Reduces

Strategy

Value

Monopoly
Yet to rate

SDG

Sustainable Development Goal #10: Reduced InequalitySustainable Development Goal #16: Peace and Justice Strong Institutions

Metadata

Database
World problems
Type
(D) Detailed problems
Biological classification
N/A
Subject
  • Government » Nation state » Nation state
  • Content quality
    Unpresentable
     Unpresentable
    Language
    English
    1A4N
    J4242
    DOCID
    12042420
    D7NID
    133280
    Last update
    Oct 4, 2020