Forecasts for the Development of the Telecommunications Industry and the Transformation of Market and Government Regulation Models

Abstract

In a mono-product markets with weak dynamics, focus on limiting price increases plays  a key role in safeguarding consumer welfare. However, in rapidly evolving multi-product  and multi-stakeholder markets, regulatory policy should not focus solely on short-term  outcomes or goals of "static efficiency" — such as artificially directing prices near the  profitability threshold. Instead, priority should be given to achieving "long-term dynamic  efficiency"  which  fosters  investment  growth,  burgeoning  initiatives,  and  expanding  product offerings. Conclusions are drawn about the need to bridge the gaps between  rapidly developing technologies and business models, on the one hand, and conservative and retarding regulation, on the other hand. Proposals are made to improve sectoral  and general economic legislation, its systematization and codification. Proposals on the  development of competition and improvement of legal and methodological support for antimonopoly control are presented.