Regulatory Impact Assessment (RIA)

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Assessing the impact and evaluating regulations The importance of taking into account the impact of regulations on innovation has gained increased traction and has increasingly been underscored at international level. Regulatory impact assessment (RIA) supports the process of policy making by conducting an ex ante assessment of the implications of potential regulatory options. RIA can help identify where rules and regulations are overlapping or incoherent and provide a useful support for decision making (OECD, 2015c). RIA can be helpful when assessing requirements for innovative solutions – which may affect civil servants – when developing regulatory options. Evaluation of regulations assesses the performance of regulations against stated…show more content…
National governments exempted certain municipalities from national legislation and regulation in areas such as education, health care, childcare, social services, employment, trade and industry, the environment, and agriculture. The idea behind this initiative was that it would enable local government to come up with innovations that would lead to improvement. Consequently, these municipalities could perform an exemplary role in other areas. In an evaluation of the experiment in 2006, there was a net positive conclusion: “The experience of the FCEs suggests that granting relatively limited exemptions on a temporary basis to a sample of councils is an effective way of stimulating innovation and testing out new approaches at low cost and limited risk” (DCLG,…show more content…
Most notably, Bloomberg Philanthropies, founded by the former mayor of New York City Michael Bloomberg, has launched and funded innovation delivery teams in five American cities (Atlanta, Chicago, Louisville, Memphis and New Orleans). Mayor Bloomberg had experimented and refined the model in New York, where he created the Center for Economic Opportunity, an award-winning government lab that rigorously experiments with and evaluates novel approaches to poverty reduction, education and

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