Publication

This paper looks at the different elements that need to be considered in reframing international regulatory principles. To do so the paper first compares the original regulatory reform agenda of the 1990s with three different approaches provided by ‘responsive’, ‘smart’ and ‘performance-based’ regulation. Secondly, the review and discussion select for particular attention those aspects of the different approaches that are especially relevant to the current economic environment facing OECD countries and to the key lessons to be drawn from recent regulatory failures.