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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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Stakeholder engagement and regulatory policy

Stakeholder engagement is a fundamental pillar of regulatory policy. OECD countries are clearly paying increasing attention to various ways to engage stakeholders in making, implementing and reviewing regulations. Virtually all governments have embraced the principles of open government and better participation in policy making. There are numerous attempts to involve stakeholders both in the process of developing new laws and regulations and in the process of reviewing the regulatory stock. However, there is still some way to go to change the culture and many obstacles to overcome on the way to effective stakeholder engagement. This chapter documents the uptake across OECD members in stakeholder engagement, the challenges faced and areas for further action.

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