ABSTRACT
The conventional economic logic that has driven international market reform since the 1970s requires that considerable attention be focused upon matters of operational efficiency, as a direct consequence of the deliberate push toward the removal of regulative constraints. Deregulation also adds a significant dimension to market competition due to the sheer size and multiplicity of forms of congestion and found especially in the land mode of a growing number of mega cities with very large populations. The role of air transport as a major and growing force in international economic integration or in its more popular form, globalization, has been acknowledged. The international market deregulation, which began in the early 1970s, predicted either by its supporters or by its critics, whether politicians, international agencies, academics or media gurus. This chapter reflects the ambiguities and confusions attendant upon the search for appropriate strategies that would maximize the benefits of deregulation, privatization and liberalization, while minimizing its possible negative consequences.
