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Black, Julia; Lodge, Martin --- "Conclusions" [2005] ELECD 365; in Black, Julia; Lodge, Martin; Thatcher, Mark (eds), "Regulatory Innovation" (Edward Elgar Publishing, 2005)

Book Title: Regulatory Innovation

Editor(s): Black, Julia; Lodge, Martin; Thatcher, Mark

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781845422844

Section: Chapter 9

Section Title: Conclusions

Author(s): Black, Julia; Lodge, Martin

Number of pages: 17

Extract:

9. Conclusions
Julia Black and Martin Lodge

INTRODUCTION
At the outset we noted that the term `regulatory innovation' is likely to
attract either unbridled enthusiasm or barely mitigated scepticism. It is seen
on the one hand as the solution to regulatory and wider economic failings,
and on the other as the source of policy fiascos. Its very existence is doubted
by sceptics, who argue it is simply a fashionable label in which to dress up
changes in policy or modes of implementation, or indeed academic studies
of such changes. In seeking to explore these claims, we sought to answer
three specific questions: what is regulatory innovation; how can we explain
or account for it, and are we living in an age of hyper-innovation, or simply
one in which there is a lot of hype about innovation? The case studies have
been deliberately diverse, ranging from the `high tech' to the `low tech', and
from the fashionable to the unfashionable. Innovation in each area in the UK
has been compared cross-nationally against at least one other country, in
order to explore whether and how regulators in each domain in different
countries produced `innovative' responses to similar policy issues. This
conclusion outlines the discoveries that we made during this exploratory
study of regulatory innovation, looking at each question in turn, and also
asking what this study has to contribute to the debates on `how to do' regu-
latory innovation.


WHAT IS INNOVATIVE ABOUT REGULATORY
INNOVATION?
Innovation is for many inherently ...