Business Regulation and Public Policy

For years, businesses have complained about the costs of regulatory compliance. On the other hand, society is becoming increasingly aware of the environmental, safety, health, financial, and other risks of business activity. Government oversight seems to be one of the answers to safeguard against these risks. But how can we deregulate and regulate without jeopardizing our public goals or acting as a brake on economic growth? Many instruments are available to assess the effects of laws regulating business, including the regulatory impact assessment (RIA), which contains cost/benefit analysis, cost-effectiveness analysis, risk analysis, and cost assessments. This book argues that public goals will be achieved more effectively if compliance costs of the enterprises are as low as possible. Highlighting examples from a wide spectrum of industries and countries, the authors propose a new kind of RIA, the business impact assessment (BIA), designed to improve both business and public policy decision making.

InhaltsangabeHistorical Review: 1750–2000.- Reduction of Compliance Costs: An International Perspective.- Origin and Functionalities of Regulation.- Techniques Available for Estimating the Impact of Regulations.- SCM to Measure Compliance Costs.- Tailoring Regulation to the Regulated: The U.S. Regulatory Flexibility Act.- Tanzania and the Problem of the Missing Middle: A Regulatory Reform Case of the United Republic of Tanzania.- Customized Regulations: How the Dutch Experienced the Reduction of the Burdens Imposed by Regulations.- The New Rulemaking.- Standardization and Compliance Costs: Relevant Developments at EU Level.- Regulatory Impact Analysis: Integrating Pro-growth Decisions into Public Policy in Developing Countries.- Why Focus on Enterprises?.- Compliance Costs and the Policy Process.- How to Build Regulatory Reform and Regulatory Systems.- Institutions for Better Regulation: The Example of the Netherlands, 2002–2007.- We Need to Dig a New Suez Canal: How Can ICT Help Changing Compliance Costs in the Next 20 Years?.- Macroeconomic Policies, Bureaucracy and Deregulation: The Choice of the Exchange Rate Regime.- Development of an RIA Coordination System with a Focus on SME and Start-Ups.