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
|Pressure-Release Valves in Participatory Fascism
|Two Worlds: Politics and Everything Else
|Against the Whole Concept and Construction of the Balance of International Payments
|[View All (62)]