ART - Book Review - Regulating Procurement 2006

The document is a book review of "Regulating Procurement" by Peter Trepte. The author approaches the subject from two angles: discussing why there is regulation of public procurement and categorizing the regulatory models of public purchasing. The book explores the economic, political, and international models of procurement regulation, explaining the reasons behind certain procurement regulations. The author also examines the application of these models in domestic and international procurement rules. It is concluded that domestic procurement regulation is broader in scope and concerned with practicalities, while international procurement regulation focuses on non-discrimination and reciprocal access. The book is praised for its quality and readability, although the reviewer wishes for more discussion on enforcement mechanisms and their impact on procurement regulation. Overall, the book is recommended for those learning about economics, domestic and global economies, and public purchasing.