www.regulatoryreform.com              Challenges in regulatory reform:               Can the U.S. learn from other        ...
www.regulatoryreform.com     When governments lose control of regulation,     the rule of law erodes        “We built a wo...
www.regulatoryreform.com                                                                                           Price c...
www.regulatoryreform.comThe global spread of RIA                                        30    Number of Countries Adopting...
www.regulatoryreform.com           European Commission Impact Assessment on periodic           technical inspections of mo...
www.regulatoryreform.com     What can the US learn?     Four reforms from other countries     n  Inter-institutional coop...
www.regulatoryreform.com    Cleaning up the regulatory stock:    Various tools     n    Ad hoc self-reviews by regulators...
www.regulatoryreform.com      Economic Impacts of Regulatory      Guillotine reform in South Korea     South Korea     % b...
www.regulatoryreform.com    Cumulative and interactive effects: USA                                                       ...
Keynote Speaker Scott Jacobs Presentation at the Mercatus Regulatory Conference
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Keynote Speaker Scott Jacobs Presentation at the Mercatus Regulatory Conference

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Keynote Speaker Scott Jacobs Presentation at the Mercatus Regulatory Conference

  1. 1. www.regulatoryreform.com Challenges in regulatory reform: Can the U.S. learn from other countries? Scott Jacobs Managing Director The Future of Regulations: Moving From Presumption to Proof Tuesday, November 13, 2012 Mercatus Center at George Mason University 2 ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission.
  2. 2. www.regulatoryreform.com When governments lose control of regulation, the rule of law erodes “We built a world of bureaucracy and lust for power. A world of corruption, of small and big privileges and interests for anyone who could take advantage of other people.“ -- Greek Prime Minister George Papandreou, 11 September 2010, announcing a deregulation program 3 ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission.
  3. 3. www.regulatoryreform.com Price controls ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission.
  4. 4. www.regulatoryreform.comThe global spread of RIA 30 Number of Countries Adopting RIA 25 20 15 United States 10 5 0 1970 1980 1990 2000 2010 OECD Countries Non-OECD Countries 5 ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission.
  5. 5. www.regulatoryreform.com European Commission Impact Assessment on periodic technical inspections of motor vehicles (2011) Addi/onal  jobs   Mone/zed  benefit/     Cost  (€mn)   Benefit  (€  mn)   (compared  to   cost  ra/o   previous  op/on)  Op#on  1   0.28   184   656:1   0  Op#on  2a   459.5   1622   3.53:1   1,450  Op#on  2b   3347   5623   1.68:1   13,450  Op#on  2c   9227   7027   0.76:1   46,260  Op#on  3a   460   1806   3.93:1   1,450  Op#on  3b   3347   5807   1.73:1   13,450  Op#on  3c   9227   7211   0.78:1   46,260   6 ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission. ©Copyright held by Andrea Renda. This material may not be reproduced without permission.
  6. 6. www.regulatoryreform.com What can the US learn? Four reforms from other countries n  Inter-institutional cooperation on regulatory reform n  Cleaning up old regulations - effective regulatory review n  A national reform program in a federal system n  Managing cumulative regulatory burdens 7 ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission.
  7. 7. www.regulatoryreform.com Cleaning up the regulatory stock: Various tools n  Ad hoc self-reviews by regulators: no real gains anywhere n  Regulatory Guillotine reviews or other approaches to using independent expert bodies to review rules – see South Korea n  Replace old costs with new costs: Remove one regulation for each new one that is proposed -- UK – one in, one out n  Create a truly independent scorer for regulatory costs and benefits, modeled on the Congressional Budget Office n  Creating a full-time advocate for regulatory rollback -- Kansas created an “Office of the Repealer” that aggregates complaints and suggests repeals to the governor and legislature. No repeals yet, though. n  Automatic “sunsets” of laws – little success in other countries 8 ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission.
  8. 8. www.regulatoryreform.com Economic Impacts of Regulatory Guillotine reform in South Korea South Korea % business regulations deleted: -49% New Jobs created: +1,066,200 Business cost savings: +4.4% of GDP Increased FDI: $36.5 billion in new FDI Korean numbers are projections. Source: Byung Ki Ha(1999), The Economic Effects of Korea’s Regulatory Reform (in Korean), KIET. ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission.
  9. 9. www.regulatoryreform.com Cumulative and interactive effects: USA 10 ©Copyright held by American Forest and Paper Association ©Copyright held by Jacobs,Cordova&Associates. This material may not be reproduced without permission.
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