Book Excerpt: Macrowikinomics (Part 7)

Why the old model of command and control regulation doesn't work, and how increased transparency and public participation will replace it

…Some of the issues that challenge today's regulators include the sclerotic pace of rule making, growing economic complexity, increasing international interdependency, the corrosive influence of "junk science" and industry lobbying, and a broadly insufficient capacity for effective oversight.

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