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OECD Regulatory Policy Outlook 2015

image of OECD Regulatory Policy Outlook 2015

Regulations are the rules that govern the everyday life of businesses and citizens. They are an essential instrument in the hands of government to promote economic growth, social welfare and environmental protection. However, regulations can also be costly and ineffective in achieving their objectives. The Regulatory Policy Outlook is the first evidence-based analysis of the progress made by countries to improve the way they regulate. Based on a unique survey filled by all OECD countries and the European Commission, the Outlook assesses progress in establishing the conditions for good regulation. It provides unique insights into the organisation and institutional settings in countries to design, enforce and revise regulations. It uncovers the areas of the regulatory cycle that receive too limited attention from policy makers, and identifies actors who have an important part to play to improve the way regulations are developed, implemented and evaluated. It reviews the use of three critical tools of regulatory policy (Regulatory Impact Assessment, stakeholder engagement and ex post evaluation) and proposes options to use them in a more strategic manner to inform the development and delivery of regulations.

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A forward-looking agenda for regulatory policy

Despite the progress made in adopting the principles and practices of regulatory policy, OECD countries continue to face challenges in establishing the conditions for and in delivering on their regulatory quality agenda. This chapter identifies the challenges faced by countries in embedding regulatory policy in law and practices. It also identifies an ambitious agenda for countries on how to overcome the challenges and use regulatory policy to promote growth and well-being. It focuses in particular on four areas that constitute the frontiers of regulatory policy: i) regulatory implementation and enforcement; ii) the untapped potential of the non-traditional actors of regulatory governance; iii) strengthening the evidence on impacts of regulatory policy; and iv) addressing regulatory impacts beyond the border.

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