Social Oversight to Prevent Rent-seeking in Formulation and Implementation of Public Policies

Abstract

From a policy perspective, rent-seeking is the behaviour of individuals, organisations and businesses seeking to make money through the manipulation of the economic and legal environments instead of conducting production and business activities. In recent years, that has been relatively common in many sectors and fields, in their policy formulation and implementation, such as insurance, securities, finance - banking, capital construction and press... Acts of rent-seeking have caused serious consequences and losses for the State and society. To control and prevent the situation, it is necessary to use many solutions, including the use of the mechanism of social supervision.