Regulatory Impact Analysis (RIA) is a policy tool widely used in OECD countries. It examines and measures the likely benefits, costs and effects of new or changed regulations.
Risk-based approaches to the design of regulation and compliance strategies can improve the welfare of citizens by providing better protection from hazards, more efficient government services and reduced costs for business.
Almost 200 indicators offer comprehensive insights into trends in regulatory reform and identify leading regulatory management practices.
Most OECD countries have made policies to reduce administrative burdens - cutting red tape - a political priority.