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Social regulations protect public interests such as health, safety, the environment, and social cohesion. The economic effects of social regulations may be secondary concerns or even unexpected, but can be substantial.

Reform aims to verify that regulation is needed, and to design regulatory and other instruments, such as market incentives and goal-based approaches, that are more flexible, simpler, and more effective at lower cost.

Source Publication:
Regulatory Reform: A Synthesis, OECD, Paris, 1997, page 11.

Statistical Theme: Financial statistics

Created on Wednesday, July 31, 2002

Last updated on Thursday, March 13, 2003