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Improving laws and regulations will be essential to the recovery from the economic and social impacts of the COVID-19 pandemic and other crises. The pandemic demonstrated how inefficient, outdated, or obsolete regulations may place undue burdens on businesses and society; it also showed that changes can be made swiftly and have substantial positive impacts. Decision makers will be taking stock of what has worked during this extraordinary period to learn how to regulate faster, better, and more co-operatively to stimulate innovation and productivity.
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A commitment to better regulation has been central to Southeast Asia’s strong economic performance. At the regional level, the Association for Southeast Asian Nations (ASEAN) includes regulatory reforms as part of several high-level strategies to promote regional economic integration. These strategies guide ASEAN Member States in their efforts to support public governance reforms, including using regulation to create sustainable conditions for business while protecting citizens, society, and the environment.
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This chapter highlights the major trends, common challenges and future opportunities for regulatory reforms in Southeast Asia, and connects these trends with research and knowledge gathered in the OECD. The chapter attempts to capture the dynamic nature of the reforms by bringing the understanding of regulatory reform in ASEAN up to date, especially given the impact on regulation from the COVID-19 pandemic observed in OECD members. The analysis presented in this chapter is based on data collected from all 10 ASEAN Member States, which can be found in Chapter 2 of this report.
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