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Perceived failures of deregulation (such as the failure of the Savings & Loan sector of the U.S. during the 1980s) have encouraged re-regulation, and more balanced approaches to regulation that emphasize the quality of regulation over the quantity. That is, instead of simply removing (or adding) regulations on business, the point is to regulate business intelligently, using as sophisticated an economic theory as possible.

One problem that encouraged deregulation was the way in which the regulated industries often controlled the government regulatory agencies, using them to serve the industries' interests. Unfortunately, the deregulation process itself was often controlled by the regulated industries.

1 European Union

• 2003 Corrections to EU directive about software patents

2 Japan

Since the economic bubble in 1990s collapsed, the Japanese government has seen deregulation as an effective way to lift its economy because it has a huge deficit and cannot make a large tax cut.

3 New Zealand

See also: Economy of New ZealandEconomy overview Since 1984 the government of New Zealand has accomplished major economic restructuring, moving an agrarian economy dependent on concessionary British market access toward a more industrialized, free market economy that can compete globall

4 United States

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 Some of these were withdrawn quickly (but not quickly enough to avoid major problems), including the deregulation of savings and loans .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 hazardIn law and economics, moral hazard is the name given to the risk that one party to a contract can change their behaviour to the detriment of the other party once the contract has been concluded. The most well known examples of moral hazard come from insur. Other legislation has been considered more widely successful, including deregulation of transportationFor the movement of people or objects, see transport. For the shipping of convicted criminals to penal colonies, see penal transportation., the gas market , and the electricity marketElectricity markets are being developed as a result of the deregulation of electricity utilities around the world. The process began in 1990 when the UK Government under Margaret Thatcher privatised the UK Electricity Supply Industry in England and Wales.. In 19961996 was a leap year starting on Monday (see link for calendar), and was designated the International Year for the Eradication of Poverty''. Events January January 5 Hamas operative Yahya Ayyash is killed by an Israeli-planted booby-trapped cell phone Jan, the media market was significantly deregulated.

Critics of deregulation in the United States have attributed the following problems to deregulation:

• Widespread safety problems and inefficiency in commercial trucking
• Increased accident rate, and a trend toward general bankruptcy in the airlines
• The $43 Billion cost to the state of California, due to extraordinary prices paid for electricity during the California electricity crisis
• Degradation of telephone service
• The insolvency of financial institutions such as Long Term Capital Management (LTCM)