The world is becoming increasingly global. This raises important challenges for regulatory processes which still largely emanate from domestic jurisdictions. In order to eliminate unnecessary regulatory divergences and to address global challenges pertaining to systemic risks, the environment, and human health and safety, governments increasingly seek to better articulate regulations across borders and to ensure greater enforcement of rules and their application across jurisdictions.
This report gathers in a synthetic manner the knowledge and evidence available to date on the various mechanisms available to governments to promote regulatory co-operation, and their benefits and challenges. The review of evidence confirms the increased internationalisation of regulation, which takes place through a wide variety of mechanisms and multiple actors, and highlights a shift in the nature of IRC from complete 'harmonisation' of regulation to more flexible options - such as mutual recognition agreements. Despite growing regulatory co-operation, however, decision making on IRC is not informed by a clear understanding of benefits costs and success factors of the diverse IRC options.
Inefficient, outdated and complex trade procedures and formalities prevent businesses from taking full advantage of open global markets.
This toolkit comprises a typology of various co-operation mechanisms and a classification of associated benefits and costs.
Informality has important implications for productivity, economic growth, and the inequality of income. In recent years, the extent of informal employment has increased in many of Mexico's states, though highly heterogeneously.
Legal systems provide the basic institutions for firms and markets to operate. Their quality can have important consequences on the size distribution of firms, who rely on them for contract enforcement. This paper uses the variation in legal system quality across states in Mexico to examine the relationship between judicial quality and firm size.
A simple econometric framework is presented linking current account balances of euro area countries to intra and extra euro area competitiveness, cyclical positions, fiscal positions and the oil price.
Drawing on OECD trade facilitation indicators, this paper finds that the combined effect of comprehensive trade facilitation reform would reach almost 14.5% reduction of total trade costs for low income countries, 15.5% for lower middle income countries and 13.2% for upper middle income countries.
The workshop identified key challenges in the design and implementation of one-stop shops in Hungary and ways to address them.
The OECD has shown its commitment to this strand of G20 work by providing your Leaders with key global principles to enhance financial consumer protection in 2011 at the Cannes Summit; and by promoting the development of consistent financial education strategies with the High Level OECD/INFE Principles on national strategies for financial education delivered, said Angel Gurría, OECD Secretary-General.
Japanese, Excel, 344kb
This Recommendation sets the current thinking of how to effectively implement regulatory policy in countries, based on over a decade of OECD experience. "This Recommendation is the first comprehensive international statement on regulatory policy since the crisis", says Angel Gurría.