December 10, 2008

Regulation in the 21st Century

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The start of a new administration will offer the nation’s next president the opportunity to put his stamp on regulation and the regulatory process. Every president in the last generation has modified the way the federal government utilizes regulation as a tool to solve problems that all Americans care about, including a healthy environment, stable financial markets, safe consumer goods, and workplace health and safety.

Though the goal of regulation remains the same, today the regulatory process is confronted with a rapidly-changing world and a globally integrated society. Currently regulators face fragile financial markets, new technologies and interdependent economies. In order for regulation to remain ahead of the curve it must adjust to the advancing world, but what does this look like?

Mercatus scholars will presented an insightful look on regulation and offer innovative ideas for reforming regulation to suit the needs of the 21st century. We addressed such questions as:

  • How can the regulatory process be effectively reformed to meet the needs of a rapidly-changing world?
  • How can the lessons of economics be applied to the regulatory process?
  • How can regulations be used to better address the problems of the 21st century?