Author : OECD
Release : 2016
Genre : Administrative agencies
Kind :
Book Rating : 558/5 ( reviews)

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Regulatory Policy in Chile - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Regulatory Policy in Chile write by OECD. This book was released on 2016. Regulatory Policy in Chile available in PDF, EPUB and Kindle. One of Chile biggest strengths is its very sound macroeconomic framework that reinforces its economic resilience. This is partly based on a prudent regulatory and supervisory framework governing the financial system. Furthermore, the government Agenda for Productivity, Innovation and Growth, co-ordinated by the Ministry of Economy with the participation of other ministries and state services, constitutes a good opportunity to use regulatory policy as a driver to reform the policymaking framework of Chile. For example, Chile has already made substantive progress in making regulations more accessible and communicating administrative requirements. However, while in Chile national regulations provide the general framework for administrative procedures and an efficient state administration, the lack of a comprehensive regulatory reform programme has reduced the possibility of achieving even better economic outcomes and unleashing resources to boost productivity. The regulatory policymaking framework lacks some key features seen in other OECD countries (e.g. stakeholder engagement, regulatory impact assessment, oversight body) that would make sure that regulations are designed in the best way. Good practices in rule-making procedures are also rather limited. This review presents the way forward for improving the government capacity to ensure high-quality regulation in Chile.