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in the keywords:  Regulatory Impact Assessment, market imperfections, social interest, suggestions regarding improvements to impact assessment
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Regulatory Impact Assessment as an Aspect of the Regulatory Process The chief method to weigh regulatory influence is Regulatory Impact Assessment (RIA). Its potential is hidden in the high probability of triggering the process of advancing dialogue between public representatives and stakeholders. That stimulates the creation of a fertile ground for the higher quality of public debate, institutions and, eventually, law. The RIA as a method of neutralising the negative consequences of the market mechanism is perceived as an expression of the better governance process focused on achieving more social inclusivity and higher regulatory effectiveness. The RIA promotes a systemic and comparison-friendly approach in the process of lawmaking. The RIA enforces the strict formulation of the problem (subject of regulation), aims of public intervention, and alternative ways of their attainment. The process of RIA in such jurisdictions as Polish still lags behind as a result of serious infrastructure shortages (human capital as a key one).
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