A press release published today by the New Zealand Government provides fresh evidence that well managed regulatory systems can bring improvements in the overall economic performance of a country. It reports the main findings of a preliminary assessment of national regulations, incoporated in an official publication: Best Practice Regulation Model: Principles and Assessments. According to the finance minister, "this new model ... considers whether each regime gives appropriate weighting to factors that can help improve economic performance – competition, innovation, exports, compliance costs and trade and investment openness" and can suggest areas for further simplification.
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