Practices and Experiences of Economic Regulation Reform Abroad

Author: Shi Benzhi
Publisher:
Publish Date: 2006-08-01
Features: Regulatory Reform and Economic Development analyzes the role of government regulatory reform in socio-economic development, identifies the theoretical basis of regulatory reform, and confirms the close relationship between regulatory reform and economic growth through empirical research. At the same time, it comprehensively analyzes the regulatory reform practices of member countries of the Organization for Economic Cooperation and Development (OECD) from six framework principles: transparency and openness of decision-making, non-discrimination, avoiding unnecessary trade restrictions, using internationally unified measures, mutual recognition of other countries' regulatory measures, and implementing competition. The regulatory reform practices and experiences of OECD member countries are the focus of the series. Regulatory Reform and Performance in Developed Countries studies the background and process of regulatory reform in major OECD member countries, the performance of regulatory reform, the policies and core principles of regulatory reform and their implementation, the selection of policy tools, the analysis of regulatory impacts, and lessons from government regulatory reform. (This volume provides case studies of regulatory reform and its implications, including public management reform and regulatory reforms in various industries, such as the UK gas industry, Italy's electricity sector, Canada's telecommunications industry, and Japan's financial sector). For example, the study of regulatory reform in the United States focuses on the basic framework of U.S. regulatory reform, the role and functions of national institutions and policies in regulatory reform, and performance analysis of typical sectoral regulatory reforms, including the telecommunications industry, the digital economy, the information technology industry, and e-commerce. Meanwhile, the translated work Practices and Experiences of Foreign Economic Regulatory Reform selects insightful analyses from several OECD research reports on the specific practices, successful experiences, and lessons of regulatory reform in the economic and trade aspects of its member countries. The inefficiency and high risks in China's legal and regulatory system necessitate a greater focus on China's regulatory reform issues. Government regulation is an indispensable institutional arrangement in modern market economies. In the operation of market economies, enterprises are not only affected by market forces but also by the regulatory and administrative environments established by the government. The main theoretical basis for government regulation is the widespread existence of market failures, and the role of government regulation is primarily to correct the loss of resource allocation efficiency caused by market failures. However, without effective, transparent, and concise regulation and high-quality management, negative effects may arise. Complex regulations impose heavy burdens on enterprises, especially small and medium-sized enterprises (SMEs), affecting both individual enterprises and overall economic development. This urgently calls for regulatory reform. Based on these understandings and considerations, supported by relevant research projects, we have compiled and translated a six-volume series on government regulatory reform, analyzing theoretical and empirical foundations of regulatory reform, core principles of regulatory reform, regulatory reform practices in various countries, regulatory reform in the service sector, regulatory reform and SMEs, experiences and lessons from regulatory reform, and China's open economic policies and legal system. The four volumes we compiled are: Regulatory Reform and Economic Development, Regulatory Reform and Performance in Developed Countries, Regulatory Reform in the Service Sector and SMEs, and Innovation in China's Open Economic System. The two volumes we translated are: Practices and Experiences of Foreign Economic Regulatory Reform and Regulatory Reform and Competitiveness Reconstruction in South Korea After the Financial Crisis. Practices and Experiences of Foreign Economic Regulatory Reform selects insightful analyses from several OECD research reports on the specific practices, successful experiences, and lessons of regulatory reform in the economic and trade aspects of its member countries.