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The Paradox of Regulation - What Regulation Can Achieve and What it Cannot (Hardcover)
Loot Price: R3,143
Discovery Miles 31 430
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The Paradox of Regulation - What Regulation Can Achieve and What it Cannot (Hardcover)
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This up-to-date book takes a fresh look at regulation and risk and
argues that the allure of regulation lies in its capacity to reduce
risk while preserving the benefits of trade, travel and commerce.
Regulation appears as a politically attractive, targeted and
effective way to ensure that disasters of the past are not
repeated. Diverse challenges are tackled through regulatory means -
including the industrial, financial and terrorist-related hazards
analyzed in this book. Fiona Haines' empirical work shows, however,
that regulation attempts to reduce risks beyond their stated remit
of preventing future disaster. Her analysis reveals a complex nexus
between risk and regulation where fulfilment of regulatory
potential depends on managing three fundamentally different types
of risk: actuarial, socio-cultural and political. This complex risk
management task affects both reform and compliance efforts,
generating tension and paradoxical outcomes. Nonetheless, Haines
argues, enhancing political legitimacy and public reassurance are
central, not peripheral, to successful regulation. This insightful
book will appeal to academics, researchers and postgraduate
researchers working in regulation across law, politics, sociology,
criminology and public management. Masters of public management,
MBA students, public administrators and regulators, as well as
political commentators, will also find this book invaluable.
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