Business people may favor better governmental coordination of the regulatory hoops they must jump through, but like other Faustian bargains, this entails risk. If the history of U.S. medical device regulation is any indication, the current push for international regulatory harmonization will result in raising regulatory hurdles at least as high the highest levels previously reached.
|Other Independent Review articles by Robert Higgs|
|Winter 2018||Principal-Agent Theory and Representative Government|
|Fall 2017||Freedom of Movementthe Sine Qua Non of Economic Prosperity and Progress|
|Summer 2017||Moderation in Response to Provocation Is No Vice|
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