The Serbian Regulatory Reform And Governance

More and more, society is becoming aware that regulations, while necessary, also impose high costs on individuals, businesses and the public sector. Regulations that are unclear, obsolete and bad-ly designed prevent achievement of the intended social and economic goals. Therefore, governments all over the world initiate programs on better regulation. As the Serbian government recognized the problem of a large number of inefficient regulations in its system, it enacted in July 2008 its regulatory reform project or its well known “guillotine” in-volving the one-time rendering of inefficient regulations ineffective or their amendment. After introduction, it is elaborated upon the drivers of the OECD and the European Union Pol-icy on Better Regulation, their experience in improving regulatory environment and policy lessons gained. The next part examines how the Serbian government actually goes about creating better busi-ness regulation. Here is the review of the Serbian Comprehensive Regulatory Reform or Regulatory Guillotine as a first stage in the Strategy of Regulatory Reform. The last part of article points to the coming challenges in governance architecture for steering regulatory reform in Serbia: credibility, evidence based solution for any kind of regulation problem, legitimacy, transparency.