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The challenges of regulatory pluralism.
- Source :
-
Health policy (Amsterdam, Netherlands) [Health Policy] 2024 Nov; Vol. 149, pp. 105164. Date of Electronic Publication: 2024 Sep 12. - Publication Year :
- 2024
-
Abstract
- Countries with small and/or less-resourced regulatory authorities that operate outside of a larger medical product regulatory system face a regulatory strategy dilemma. These countries may rely on foreign well-resourced regulators by recognising the regulatory decisions of large systems and following suit (regulatory reliance); alternatively, such countries may extend formal decision recognition to regulators in multiple other jurisdictions with similar oversight and public health goals, following a system which we call regulatory pluralism. In this policy comment, we discuss three potential limitations to regulatory pluralism: (i) regulatory escape, in which manufacturers exploit regulatory variation and choose the lowest regulatory threshold for their product; (ii) increased fragmentation and complexity for countries adopting this approach, which may, in turn, lead to inconsistent processes; and (iii) loss of international bargaining power in developing regulatory policies. We argue that regulatory pluralism has important long-term implications, which may not be readily apparent to policy makers opting for such an approach. We advocate for the long-term value of an alternative approach relying on greater collaboration between regulatory authorities, which may relieve administrative pressures on countries with small or less-resourced regulatory authorities, regardless of whether countries pursue a strategy of domestic regulation or regulatory pluralism.<br />Competing Interests: Conflict of interest None.<br /> (Copyright © 2024 The Author(s). Published by Elsevier B.V. All rights reserved.)
Details
- Language :
- English
- ISSN :
- 1872-6054
- Volume :
- 149
- Database :
- MEDLINE
- Journal :
- Health policy (Amsterdam, Netherlands)
- Publication Type :
- Academic Journal
- Accession number :
- 39305586
- Full Text :
- https://doi.org/10.1016/j.healthpol.2024.105164