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
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Rules are essential for economic growth, social welfare and environmental protection, but rules can also be costly in both economic and social terms...
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Better regulation is necessary for economic recovery to manage risks and to cut unnecessary red tape. This policy brief presents how a good system of regulatory management systematically helps to identify the best choice of policy options.