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OECD Regulatory Policy Outlook 2018

image of OECD Regulatory Policy Outlook 2018

Laws and regulations govern the everyday life of businesses and citizens, and are important tools of public policy. Regulating has never been easy, but the overwhelming pace of technological change and unprecedented interconnectedness of economies has made it a daunting task. The 2018 Regulatory Policy Outlook, the second in the series, maps country efforts to improve regulatory quality in line with the 2012 OECD Recommendation on Regulatory Policy and Governance, and shares good regulatory practices. It provides unique insights into the organisation and institutional settings in countries for designing, enforcing and revising regulations. It also highlights areas of the regulatory cycle that receive too little attention from policy makers. Finally, it identifies areas where countries can invest to improve the quality of laws and regulations and presents innovative approaches to better regulation.

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Foreword

It has been three years since the launch of the inaugural edition of the Regulatory Policy Outlook. Since then, much progress has been made in continuing to put the world economy back on track; but a sense of malaise remains. Its causes and drivers are diffuse and not all economic in nature, but they are very much tangible. They have to do, to a certain degree, with the relentless and overwhelming pace of technological change that is transforming every facet of our lives. They are also rooted in the irremediable intricacies of our economies, connected via continuous flows that go beyond goods to affect people, services, capital, and data.

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