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How to Build Regulatory Reform and Regulatory Systems

In: Business Regulation and Public Policy

Author

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  • Frank Frick

    (Bertelsmann Stiftung)

Abstract

Regulation matters! It organizes markets and societies and is therefore a cornerstone of freedom and welfare. But regulation may also cause problems, unnecessary burdens, unintended side-effects and costs. The aim of this chapter is to give evidence that – and how – regulatory systems can be built to become more effective than most of them are today. With a heuristic approach, this chapter is looking for successful measures and trying to identify patterns. Based on three principles, (i) a robust, responsible and flexible architecture, (ii) the necessary perspective of the beholder (here: business) and (iii) a target-oriented strategy, a regulatory system should be built on evidence-based solutions, acceptance within the businesses by consultation, the monitoring and steering of the regulatory process, independent scrutiny and legitimacy and a political program to make the cross cutting issue powerful.

Suggested Citation

  • Frank Frick, 2009. "How to Build Regulatory Reform and Regulatory Systems," International Studies in Entrepreneurship, in: André Nijsen & John Hudson & Christoph Müller & Kees Paridon & R. Thurik (ed.), Business Regulation and Public Policy, chapter 0, pages 1-13, Springer.
    • Handle: RePEc:spr:inschp:978-0-387-77678-1_14
    DOI: 10.1007/978-0-387-77678-1_14
    as

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