Case Studies on the Regulatory Challenges Raised by Innovation and the Regulatory Responses¶
Organisation for Economic Co-operation and Development. (2021). Case Studies on the Regulatory Challenges Raised by Innovation and the Regulatory Responses. OECD Publishing.
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1 citation across 1 artifact.
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Primes¶
- Suspension
- Institutional lag: a regulation enacted under one set of technological or economic conditions persists into a new set in which it has become ill-fitted, with visible friction tending toward resolution by amendment, reinterpretation, or repeal.
This sourceDocuments how regulatory categories become ill-fitted, incomplete, or overlapping as technology changes, and the regulatory responses (amendment, reinterpretation, repeal) that follow.
SupportedVerified against the work's full text
The OECD report documents existing rules becoming outdated and ill-fitted as technology changes, and responses including review, statutory amendment, interpretive guidance and removal of restrictions.
“At times, regulatory frameworks are not agile enough to accommodate the fast pace of innovation and, as a consequence, existing rules become outdated and no longer relevant.”
- Institutional lag: a regulation enacted under one set of technological or economic conditions persists into a new set in which it has become ill-fitted, with visible friction tending toward resolution by amendment, reinterpretation, or repeal.
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