The aim of this paper is identify and compare the key features of regulatory systems in industrialised countries. By way of essential background, the first section deals with the constitutional and cultural environment which underpins the systems, but it also includes a discussion of regulatory...

Surveys have shown that, in general, developing countries tend to regulate the set-up processes for firms more intensively than developed countries. In particular, while many developing countries tend to integrate licensing requirements in the set-up process ('set-up licensing'), the more...