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Executive summary
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | With the progressive emergence of an open, dynamic and globalised economy, the internationalisation of rules has become a critical issue. Governments increasingly seek to maximise the benefits of globalisation for national populations by eliminating unnecessary regulatory divergences and barriers, and ensuring greater co-ordination of regulatory objectives. At the same time, intensification of global challenges, such as those pertaining to systemic risks (financial markets), the environment (air or water pollution), and human health and safety, is leading to growing regulatory co-operation efforts as a key component of risk management strategies across borders. Regulatory co-operation is not a new topic (OECD, 1994). However, renewed attention has been paid to its importance since the economic crisis began in 2008. Perceived regulatory failures related to poor articulation of regulation across borders, limited enforcement of rules and regulatory capture have raised questions regarding the role of the state as a regulator and, specifically, how and where it should intervene to achieve key policy objectives in an increasingly globalised world???? |
| Page Count | 3 |
| Starting Page | 15 |
| Ending Page | 17 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2013-04-24 |
| Access Restriction | Open |
| Subject Keyword | Governance |
| Content Type | Text |
| Resource Type | Chapter |
