Policy Tools

Command and control formula as defined by Michael Raegan(1987) is a process or activity in which giving medication requires or prescribes indisputable activities or behavior on the part of individuals or institutions, mostly individual(a) but sometimes public, and does so through a continuing administrative process, generally through specially de hallowated regulatory agencies.There is a history of didactics and control regulation as a policy instrument of the government in Trinidad and Tobago as evidenced by its popment in 2013 and 2014 calculate in relation to the romp ndustry. The gaming industry in Trinidad and Tobago is an vicious hotshot, which operates without government regulation. As stated in the 2013 budget Minister Howai Mr. speaker we intend to bring the gaming industry under to a greater extent rough-and-ready control and capture more fully the revenue that can light to the Treasury. The Gaming Industry offers a legitimate form of entertainment if it is m ighty modulate. It was proposed that effective May 2013 a series of regulations would be put into place to manage the industry until the comprehensive framework and control body was established. In the 2014 budget Minister Howai acknowledged that previous stated policy had non been fully implemented but that vital steps were underway, which included spacious consultations with various stakeholder bodies. According to Finance Minister, the Honorable Larry Howai, a comprehensive disposal structure for the industry was developed over the last year.It will have in mind the establishment of a Regulatory Commission with the power to license premises, operators, suppliers and discern employees. The new legislation will control the operations of what will be referred to as registered casinos. The primary advantage of financial statement and control regulation towards the gaming industry in Trinidad and Tobago is that being an illegal practice (aside from pool riotous halls), governm ent has the legislative upper hand to determine what is to be regulated and how.Mitnick (1980) explains that a government need not know in feeler its subjects preferences as in the case of voluntary instruments and little information is require to establish the regulation as a result. Government can apparently establish a standard and expect compliance (Howlett and Ramesh 2009) making it a gamyly damage and time efficient tool. Secondly regulation in itself allows for better co-ordination of government efforts and planning because of the predictability it entails (Howlett and Ramesh 2009).This is tied to the directness and specificity of the nature of command and control regulation. This predictability and directness of the regulation makes it easier and more suitable of an instrument in times of crisis or when an immediate response is needed, as noted by the Minister that the gaming industry is substantial and growing industry with the high prevalence to criminal activity and social ills gum olibanum immediate carry out needs to be aken to arrest the put under before it spirals, while reaping the benefits of change magnitude revenue at the same time.Command and control regulation is also more greet efficient than other instruments as well as in public and politically appealing governments part (Howlett and Ramesh 2009) Although command and control regulation is cost effective especially when compared to other instruments it is still quite costly, as the cost of enforcement by regulatory bodies may be high due to pull ahead costs of information, investigation and prosecution which make the policy legalistic and adversarial(Hahn and Hind 1991).Another issue with command and control in the context of the gaming industry in Trinidad and Tobago is that the very nature of the industry is problematic. Private members clubs, slot machines etcetera which create the industry are all illegal activities that have been allowed to flourish without regulation, thus the administration of the regulatory framework is problematic as it needs to educe legitimacy and acceptance by an illegitimate structure.There has to be total co-operation on the part of all members of the gaming industry in order for regulation to be effective and adhered to. Dyerson and Mueller (1993) also state that regulation is often resolute and does not offer consideration for individual circumstances, thus a one size fits all regulation of casinos, private members clubs etc does not take into musical score the size and profitability or extent of gambling taking place.This may lead to incompliance with the regulatory structure and undermining of the very framework government is exhausting to cement. A mixed approach to regulation could be used, a acceptable example of which is self regulation, which would be more cost effective as government would not ave to foot the cost of creation, administration and renewal of standards (Howlett and Ramesh).However in that lo cation is a tossup as to how effective and favorable alternative methods unfeignedly are when one considers the social costs of ineffective or ineffectual administration of voluntary standards, especially those related to non-compliance (Gibson 1994 and Karamanos 2001) The overall usefulness of this policy tool cannot be fully assessed as it has not been fully implemented and remains largely at the drawing board. This perhaps is a sign of its ineffectiveness and inability to meet the goals of the government.