So far the GI practice covers only telecommunications, pharmaceuticals and the industry Carey says will be the next hotbed of post-deregulation turmoil--utilities.

FORBES: The Skin Game, Updated

In the early post-communist days, deregulation did, of course, have its advantages.

ECONOMIST: Czech Republic

All his most cherished plans reform of road-building, post-office privatisation, deregulation of services, a rethink of Japan's outdated security policy, attempts to tackle the huge budget deficit have been eviscerated by his own side.

ECONOMIST: Japan