Unpredictable Regulatory Practices

Unpredictable Regulatory Practices

The current regulatory environment in Bangladesh discourages the entry of innovative businesses.Entrepreneurs face a myriad of regulatory barriers including an absence of laws and regulations that clarify the rules of the game for new activities (r...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2018
Subjects:
BUSINESS ENVIRONMENT
REGULATION
TRANSPARENCY
PROPERTY RIGHTS
TAXATION
STAKEHOLDER CONSULTATION
DISPUTE RESOLUTION
Online Access:http://documents.worldbank.org/curated/en/491021537444359455/Bangladesh-Policy-Notes-Unpredictable-Regulatory-Practices
http://hdl.handle.net/10986/30553
id okr-10986-30553
recordtype oai_dc
spelling okr-10986-305532021-05-25T09:18:55Z Unpredictable Regulatory Practices World Bank BUSINESS ENVIRONMENT REGULATION TRANSPARENCY PROPERTY RIGHTS TAXATION STAKEHOLDER CONSULTATION DISPUTE RESOLUTION The current regulatory environment in Bangladesh discourages the entry of innovative businesses.Entrepreneurs face a myriad of regulatory barriers including an absence of laws and regulations that clarify the rules of the game for new activities (regulatory gaps), and conflicting definitions and interpretations (regulatory ambiguity).Typically, rules and regulations are announced without prior notice, consultation or impact assessment. As a result, they do not benefit from the practical knowledge that businesses have. Even welldesigned rules and regulations cause problems if announced suddenly and with immediate effect.There are inconsistencies and gaps in rules and regulations.Government agencies often impose their own rules and procedures without considering possible conflicts with rules and procedures imposed by other government agencies.Businesses find it difficult to find information on existing rules and regulations.Regulatory officials use undue discretion in dealing with businesses.Many regulatory areas lack an effective grievance redressal system.Insecure property rights also dis-incentivize businesses from making investments.Regulatory unpredictability hampers business entry and day to day business operations; however, the degree depends on the size of the business. 2018-10-11T17:40:54Z 2018-10-11T17:40:54Z 2018-09 Report http://documents.worldbank.org/curated/en/491021537444359455/Bangladesh-Policy-Notes-Unpredictable-Regulatory-Practices http://hdl.handle.net/10986/30553 English Bangladesh Policy Notes; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Notes Economic & Sector Work South Asia Bangladesh
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic BUSINESS ENVIRONMENT
REGULATION
TRANSPARENCY
PROPERTY RIGHTS
TAXATION
STAKEHOLDER CONSULTATION
DISPUTE RESOLUTION
spellingShingle BUSINESS ENVIRONMENT
REGULATION
TRANSPARENCY
PROPERTY RIGHTS
TAXATION
STAKEHOLDER CONSULTATION
DISPUTE RESOLUTION
World Bank
Unpredictable Regulatory Practices
geographic_facet South Asia
Bangladesh
relation Bangladesh Policy Notes;
description The current regulatory environment in Bangladesh discourages the entry of innovative businesses.Entrepreneurs face a myriad of regulatory barriers including an absence of laws and regulations that clarify the rules of the game for new activities (regulatory gaps), and conflicting definitions and interpretations (regulatory ambiguity).Typically, rules and regulations are announced without prior notice, consultation or impact assessment. As a result, they do not benefit from the practical knowledge that businesses have. Even welldesigned rules and regulations cause problems if announced suddenly and with immediate effect.There are inconsistencies and gaps in rules and regulations.Government agencies often impose their own rules and procedures without considering possible conflicts with rules and procedures imposed by other government agencies.Businesses find it difficult to find information on existing rules and regulations.Regulatory officials use undue discretion in dealing with businesses.Many regulatory areas lack an effective grievance redressal system.Insecure property rights also dis-incentivize businesses from making investments.Regulatory unpredictability hampers business entry and day to day business operations; however, the degree depends on the size of the business.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Unpredictable Regulatory Practices
title_short Unpredictable Regulatory Practices
title_full Unpredictable Regulatory Practices
title_fullStr Unpredictable Regulatory Practices
title_full_unstemmed Unpredictable Regulatory Practices
title_sort unpredictable regulatory practices
publisher World Bank, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/491021537444359455/Bangladesh-Policy-Notes-Unpredictable-Regulatory-Practices
http://hdl.handle.net/10986/30553
_version_ 1764472331875385344

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