Efficient provision of transport infrastructure is critical to economic growth. The long asset lives of much transport infrastructure indicates governance through regulation, rather than through contract or public ownership. This can ensure predictability in long-term relationships whilst preserving some flexibility to deal with changes in external circumstances.
The transparency created by a fully independent regulator is
The unique OECD peer review process has helped improve public policy. It assesses how countries manage the design, adoption and enforcement of regulations according to a conceptual framework. It ensures comparability while taking account of institutional and cultural differences across countries.
In the current circumstances of weak recovery, high unemployment and constrained room for manoeuvre by macro-economic policies, a robust regulatory environment is key to return to a stronger, fairer and sustainable growth path, said OECD Secretary-General.
In light of the recent financial crisis and the pressing social, environmental and economic challenges facing governments today, this conference offered a timely opportunity to redefine the agenda for regulatory policy with a forward-looking perspective.
Presenting this report in Rome, Angel Gurría said that Italy has made significant progress in cutting regulatory costs, liberalising product markets and modernising its public administrations in recent years. He added that Italy must continue along the path of regulatory reform to make its economy more competitive and speed up its recovery from the economic crisis.
We expect governments to protect citizens from the adverse consequences of hazardous events. At the same time it is not possible or necessarily in the best interest of citizens for all risks to be removed. A risk-based approach to the design and implementation of regulation can help to ensure that regulatory approaches are efficient, effective and account for risk/risk tradeoffs across policy objectives. Risk-based approaches to
This review of regulatory reform in Australia comes at the right time to capture the attention of the OECD community. Australia has successfully weathered the worst effects of the current economic crisis. The resilience of the Australian economy, in the face of the deepest and most widespread recession in over fifty years in OECD countries, can in part be attributed to Australia’s current and past regulatory
The OECD has established a set of key principles to guide financial policy makers as they look to fundamental reform that will achieve strong, resilient financial systems that play their part in driving economic growth.
China has made enormous progress in developing the modern legal and regulatory foundation for the market economy. The private sector is now the main driver of growth, and new laws have gone a long way toward establishing private property rights, competition, and mechanisms for entry and exit comparable to those of many OECD countries. At the same time important challenges remain, including further clarification of the scope of
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The publication complements and expands the policy dialogue initiated at the seminar on “Administrative Simplification: Overcoming Barriers to Implementation” that took place in Cairo, Egypt on 18-19 June 2008. This seminar was held in the framework of the Good Governance for Development (GfD) in Arab Countries Initiative. The goal is to disseminate knowledge about barriers encountered to the implementation of administrative