Enhancing Market Openness through Regulatory Reform in Switzerland
In recent years several trends have reinforced the link between domestic regulatory environment and international market openness. First, as tariffs have receded over the course of successive rounds of trade liberalization, national regulations increasingly describe the contours of market access. Second, increasing global flows of trade and investment mean that domestic regulations applied in a single country may increasingly impact economic activities globally. In this light, the quality and efficiency of the domestic regulatory systems should increasingly be assessed in terms not only of their efficiency in securing stated regulatory objectives, but also according to the degree to which they contribute to market openness.
Long abstract
