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Unsnarling the Red Tape: Computational Infrastructure for Regulatory Systems
arXiv: Computers and SocietyInternationalHigh confidence1 min
What changed
Regulatory complexity is identified as a significant impediment to innovation, institutional responsiveness, and economic growth, potentially reducing the U.S. GDP growth rate by almost one percentage point annually. This research proposes that computational approaches, including knowledge representation, artificial intelligence, natural language processing, and cryptography, can mitigate 'red tape' by enhancing efficiency, transparency, and responsiveness within regulatory systems. It outlines a framework to understand and address regulatory friction, aiming to support compliance, analysis, and reform through modernization.
Why it matters
The accumulation of regulatory complexity presents a systemic drag on economic growth and innovation, impacting national competitiveness and societal well-being. Adopting computational infrastructure for regulatory systems offers a strategic pathway to enhance efficiency, transparency, and responsiveness, thereby fostering a more agile and innovative environment for all sectors.
What to watch
Regulatory complexity negatively impacts innovation, institutional responsiveness, and long-term economic growth.
Forward consideration, not a verified fact.
Reported by arXiv: Computers and Society, International. The document itself is not reproduced here.
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