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Business Regulation and Public Policy
For years, businesses have complained about the costs of regulatory compliance. On the other hand, society is becoming increasingly aware of the environmental, safety, health, financial, and other risks of business activity. Government oversight seems to be one of the answers to safeguard against these risks. But how can we deregulate and regulate without jeopardizing our public goals or acting as a brake on economic growth? Many instruments are available to assess the effects of laws regulating business, including the regulatory impact assessment (RIA), which contains cost/benefit analysis, cost-effectiveness analysis, risk analysis, and cost assessments. This book argues that public goals will be achieved more effectively if compliance costs of the enterprises are as low as possible. Highlighting examples from a wide spectrum of industries and countries, the authors propose a new kind of RIA, the business impact assessment (BIA), designed to improve both business and public policy decision making.
Better Business Regulation in a Risk Society
The premise of this volume is that business regulations are expected to grow in the near future as a consequence of the emergence of a “(world) risk society.” Risks related to terrorism, climate change, and financial crises, for example, will penetrate all conditions of life. Increasingly, the decisions and actions of some bring about risks for many in this era of globalization. Controlling these risks implies managing the world through high-quality regulation, with a particular emphasis on businesses and financial institutions. Central to this approach is the argument that a major, if not the primary, aim of regulation is to internalize externalities, or in a broader context, to repair ...
Policy Analysis in Germany
This comprehensive study, part of the International Library of Policy Analysis, brings together for the first time a systemic overview of policy analysis activities in Germany. Written by leading experts in the field – including informed practitioners – it outlines the development of the discipline, identifies its role in academic education and research, and examines its styles and methods. The book also focuses on the role of policy analysis for governments and parliaments, for parties, social partners, and interest groups. By offering a rich and timely analysis of policy analysis in Germany, this book is a valuable resource for academic exchange and for teaching, particularly in the fields of political science, social sciences, economics and geography. Moreover, by its broad, comprehensive understanding of ‘policy analysis’, the book will be of practical relevance and shape the debate for the future development of policy analysis in Germany and the different spheres where it is practised.
The Globalization of Cost-Benefit Analysis in Environmental Policy
This book argues in favor of using cost-benefit analysis globally and examines the positive impact it can have in developing countries using relevant case studies. The book discusses the potential for cost-benefit analysis to provoke a global shift toward stronger and more effective economic policies.
The Routledge Handbook of Policy Tools
This handbook provides a unique, systematic and comprehensive overview from leading experts in the field of the policy-making tools deployed at all the phases of the policy process. It covers the fundamentals of both new and established policy tools – from regulation and public enterprises to subsidies and information campaigns, as well as new tools, such as social impact investing, nudges, crowdsourcing, co-production and new digital governance and data analysis techniques. The book consists of nine sections with five corresponding to the major research emphases of studies on policy tools across the stages of the policy cycle (agenda-setting, formulation, decision-making, implementation a...
Managing Transaction Costs in the Era of Globalization
This timely book presents practical applications of modern economic theories to trade, transaction costs and institutions within both business and governmental realms. Frank A.G. den Butter explains the importance and means of keeping transaction costs as low as possible. He illustrates how this transaction management can contribute to making firms and nations more competitive by exploiting gains from the division of labour and international fragmentation of production, and uses relevant case studies to illustrate how value is created by reducing transaction costs. Policy recommendations for strengthening the competitive position of trading nations and reducing implementation costs of government policy are presented, and management methods for creating value in organizing production on a global scale are prescribed. A wide-ranging audience encompassing economists in academia, government and business; managers in industry and government; and students of economics, business and globalization will find this book to be a crucial reference tool.
Evidence for Public Policy Design
Learning from the successes and failures of others is a necessity in the field of public sector innovation. This book develops guidelines for policymakers, practitioners and policy analysts to understand what drives policy success and to transfer innovations from a source case to a target case with a view to assisting effective policy design.
Macroprudential Banking Supervision & Monetary Policy
The European experience suggests that the efforts made to achieve an efficient trade-off between monetary policy and prudential supervision ultimately failed. The severity of the global crisis have pushed central banks to explore innovative tools—within or beyond their statutory constraints—capable of restoring the smooth functioning of the financial cycle, including setting macroprudential policy instruments in the regulatory toolkit. But macroprudential and monetary policies, by sharing multiple transmission channels, may interact—and conflict—with each other. Such conflicts may represent not only an economic challenge in the pursuit of price and financial stability, but also a legal uncertainty characterizing the regulatory developments of the EU macroprudential and monetary frameworks. In analyzing the “legal interaction” between the two frameworks in the EU, this book seeks to provide evidence of the inconsistencies associated with the structural separation of macroprudential and monetary frameworks, shedding light upon the legal instruments that could reconcile any potential policy inconsistency.
