National Development Plans and Market Process: A revision from Law & Economics, IA, and the Public Issues perspectives

This journal article theoretically examines the thesis of whether a government organization envisaged to, directly and indirectly, regulate the “market process” manages to fulfill its “macro functions” from a “long-run performance” perspective. Also, the proposed exercise is characterized as a public issue and therefore, for its analysis, a hypothetical-deductive exercise and formulation of conjectures is proposed in the sense of Noveck —2022—. That is, in addition to the implementation of ideas from the economic psychology of Richard Thaler —1986—, an analysis matrix is created to explore whether the actions of an entity such as the Superintendence of Industry and Commerce of Colombia (SIC), randomly selected as an example, can contribute to the “market process” by automating the implementation of its strategic plan through the introduction and/or deepening of the use of artificial intelligence (AI) and other advanced analysis tools that add value.