ABSTRACT
The restructuring of telecommunications sectors now under way across the developing world has created an urgent need for the development of effective and credible regulatory structures and processes. The success of reform in a number of countries will hinge significantly on the effectiveness of regulatory oversight of the restructured markets. A well-structured regulatory system could significantly enhance sector development by ensuring that reform takes place in accord with public goals and that governmental decision making does not unnecessarily constrain the innovations and efficiencies of private enterprise. On the other hand, a poorly structured regulatory system can vitiate the goals of reform by eroding the confidence of private investors or by permitting private companies to engage in monopolistic or predatory practices.
