Better Business Regulation in a Risk Society
Alberto Alemanno, Frank den Butter, André Nijsen, Jacopo Torriti
Springer Science & Business Media, Sep 14, 2012 - Political Science - 328 pages
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 market failure. Such repair can only be accomplished when the costs are smaller than the welfare gains. Featuring contributions from researchers and policy analysts from the fields of economics, management, law, sociology, political science, and environmental policy, this book focuses on three major topics: • Social risks and business regulation • Preconditions for better business regulation • Theoretical issues related to better business regulation Collectively, the authors demonstrate that the easier it is for regulated businesses to comply at the lowest costs possible—without jeopardizing the related public goals—the greater the degree of compliance. When successful, the net result is a balance of individual and collective net benefits, and by further implication, sustainable business practice and economic growth.
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Chapter 1 Introduction
Part I Social Risks and Business Regulation
Part II Preconditions for Better Business Regulation and International Coordination
Part III Theoretical and Measurement Issues Related to Better Business Regulation
Part IV Concluding Part
Appendix A Annex I Keywords
Appendix B Annex II Biographs
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achieve administrative burdens Agreement Alemanno approach banks benefits Better Business Regulation better regulation Chap chapter climate change Commission competitiveness complexity compliance costs crisis cross-border consistency decision-making decisions developing countries Dutch economic effects environmental European food European Union evaluation factors food law food safety framework function global risks goals government regulation impact assessment implementation industry institutions instrument IRGC Kyoto Protocol Laffer curve level of regulation measures Member ment ministries Netherlands Nijsen OECD organisation parties perspective political precautionary principle principle protection reduce regulatory impact assessment regulatory policy regulatory reform Renn result Review risk analysis risk assessment Risk Governance risk management risk regulation risk society role scientific sector social Springer Science+Business Media stakeholders Standard Cost Model sunset clauses sunset legislation tariff tax regulatory costs taxation tion transaction costs trust uncertainty UNFCCC World Trade Organization