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The Global Indicators of Regulatory Governance project is an initiative of the World Bank’s Global Indicators Group, which produces a range of datasets and benchmarking products on regulations and business activity around the world. These datasets include Doing Business, Enterprise Surveys, Enabling the Business of Agriculture and Women, Business and the Law.
The Global Indicators of Regulatory Governance project explores how governments interact with the public when shaping regulations that affect their business community. Concerned stakeholders could be professional associations, civic groups or foreign investors. The project charts how interested groups learn about new regulations being considered, and the extent to which they are able to engage with officials on the content. It also measures whether or not governments assess the possible impact of new regulations in their countries (including economic, social and environmental considerations) and whether those calculations form part of the public consultation. Finally, Global Indicators of Regulatory Governance capture two additional components of a predictable regulatory environment: the ability of stakeholders to challenge regulations, and the ability of people to access all the laws and regulations currently in force in one, consolidated place.
The project grew out of an increasing recognition of the importance of transparency and accountability in government actions. Citizen access to the government rulemaking process is central for the creation of a business environment in which investors make long-range plans and investments. Greater levels of consultation are also associated with a higher quality of regulation.
» View project summary (PDF, 190KB)