Article

Better Regulation: The Search and the Struggle

Robert Baldwin

in The Oxford Handbook of Regulation

Published in print September 2010 | ISBN: 9780199560219
Published online September 2010 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199560219.003.0012

Series: Oxford Handbooks in Business and Management

Better Regulation: The Search and the Struggle

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Most governments around the world face unrelenting demands for reforms and regulatory improvements — mainly from commentators, regulated organisations, elected representatives, and oversight bodies. As a result, such administrations often seek to deliver ‘better regulation’ through initiatives that are designed to improve the delivery of high quality regulation. Such efforts, however, tend to come up against three central challenges which are discusses in this article. This article looks at responses to these three challenges — which can be referred to as those of: benchmarks, strategies, and measurement. It considers the approaches that have been taken in the literature and in governmental policies and draws attention to a number of ongoing difficulties that are presented by the search for better regulation. The argument presented here is that current approaches involve a number of worrying tensions and contradictions which are of both a philosophical and a practical nature.

Keywords: commentators; regulated organisations; elected representatives; oversight bodies; better regulation

Article.  8585 words. 

Subjects: Business and Management ; Business and Government ; Business Ethics

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