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Economics - Law & Economics | Business Regulation and Public Policy - The Costs and Benefits of Compliance

Business Regulation and Public Policy

The Costs and Benefits of Compliance

Nijsen, A., Hudson, J., Müller, C., van Paridon, K., Thurik, R. (Eds.)

1st Edition. 2nd Printing. 2008, X, 360p. 30 illus..

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  • Presents state-of-the-art insights and best practices regarding compliance costs of enterprises and their implications for management, law, and policy
  • Features case studies and illustrative examples from around the world, including the EU, US, Asia and the Middle East
  • Authors are leading academics, practitioners, and policymakers who integrate research and practical application
  • Analyzes available regulatory assessment instruments with an emphasis on their impact in developing countries
For years, businesses have complained about the costs of regulatory compliance, arguing for freedom and flexibility through deregulation. 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 at the same time, without jeopardizing our public goals or acting as a brake on economic growth?  Entrepreneurs are particularly vulnerable: the costs of regulatory compliance may be prohibitive to business development, while the costs of non-compliance may land them in jail.  Today, many instruments are available to assess the effects of laws regulating business. For example, the regulatory impact assessment (RIA), applied primarily in new or planned regulation, contains cost/benefit analysis, cost-effectiveness analysis, risk analysis, and cost assessments.  The major limitation of the RIA is that it is conducted from the perspective of the government.  The underlying theme of this book is that public goals will be achieved more effectively if compliance costs of the addressees—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.  The result is a timely and incisive volume that will appeal to entrepreneurs and business leaders; regulators, lobbyists, and corporate lawyers; and researchers of entrepreneurship and business-government relations.

Content Level » Research

Keywords » European Union (EU) - benefits of compliance - business regulation - compliance - compliance costs - currentdev - impact of regulation

Related subjects » Economic Policy - Economics - International Economics / European Integration - Law & Economics

Table of contents 

Historical Review: 1750–2000.- Reduction of Compliance Costs: An International Perspective.- Origin and Functionalities of Regulation.- Techniques Available for Estimating the Impact of Regulations.- SCM to Measure Compliance Costs.- Tailoring Regulation to the Regulated: The U.S. Regulatory Flexibility Act.- Tanzania and the Problem of the Missing Middle: A Regulatory Reform Case of the United Republic of Tanzania.- Customized Regulations: How the Dutch Experienced the Reduction of the Burdens Imposed by Regulations.- The New Rulemaking.- Standardization and Compliance Costs: Relevant Developments at EU Level.- Regulatory Impact Analysis: Integrating Pro-growth Decisions into Public Policy in Developing Countries.- Why Focus on Enterprises?.- Compliance Costs and the Policy Process.- How to Build Regulatory Reform and Regulatory Systems.- Institutions for Better Regulation: The Example of the Netherlands, 2002–2007.- We Need to Dig a New Suez Canal: How Can ICT Help Changing Compliance Costs in the Next 20 Years?.- Macroeconomic Policies, Bureaucracy and Deregulation: The Choice of the Exchange Rate Regime.- Development of an RIA Coordination System with a Focus on SME and Start-Ups.

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