RT Book, Section A1 OECD T1 Executive Summary JF Cutting Red Tape YR 2008 FD Sep 25 SP 15 OP 20 AB The viability of business activities depends on the market opportunities present, but it is also influenced by legislation, regulations and the administrative requirements governments impose in implementing public policies. The regulatory framework designed by governments is a major factor in the competitiveness of businesses. Recent years have seen efforts to gain a greater understanding of the impact of regulation as a government tool. They have also seen efforts to ensure that that tool is not poorly designed or outdated when it comes to market intervention to protect public interests. PB Organisation for Economic Co-operation and Development DO 10.1787/9789264037502-2-en UL http://www.oecd-ilibrary.org/;jsessionid=1pfdhmcx6igif.x-oecd-live-02content/chapter/9789264037502-2-en