How governments assess the possible impact of new regulations on social, environmental economic factors in their country affects the shape and scope for each regulation. Unfortunately, impact assessment practices are insufficient and inconsistent in many countries around the world.
For the Global Indicators of Regulatory Governance, the team asked government officials and the private sector whether regulators conduct impact assessments when creating new regulations. The team also explored whether those impact assessment are released to the public or not, and if so, whether they form part of the consultation process.