Policy research month celebration calls for improving regulatory quality in PH
This September, PIDS will again lead the nation in celebrating the Development Policy Research Month (DPRM). This nationwide event, which state think tank Philippine Institute for Development Studies (PIDS) started in 2003, is aimed at promoting and drawing public awareness on the importance of policy research in nation-building.
This year’s theme, "Tamang Regulasyon para sa Patuloy na Pag-ahon (Effective regulations for Sustainable Growth)”, is a call for improving regulatory quality in the country to ensure that our policies and laws are facilitating competition, innovation, productivity, and growth.
There are regulations in the electricity, transport, and water sectors that are not responsive to both economic and social objectives, and business regulations that are detrimental to the investment climate. These issues stem from poor regulatory vetting processes that neglect the importance of research evidence and systematic assessment of proposed policies and regulations before they are implemented. Through the DPRM, we hope to influence our policymakers to take action in building a formal regulatory management system that adopts explicit standards for regulatory quality and ensures the integrity and quality of new regulations through the use of regulatory impact analysis, systematic public consultation procedures, and effective regulatory coordination among concerned agencies.
