I have posted several blog-feeds previously on how Kenya has been very creatively utilizing the regulatory compliance theory of diminishing returns in several industries when it comes to regulatory development and analyses. It has become evident in theses being produced at the university level as well as faculty research being published. This is an excellent example of a developing country taking an out-of-the-box approach to regulatory analysis which should yield both effective and efficient results for their country. Rather than getting into the argument as many highly industrialized countries have done about either more or less regulations, Kenya has embraced the new theory (Fiene, 2016, 2019, 2022) in the search for the productive regulations that produce the greatest output/outcome. I would hope that other countries would follow Kenya’s example as they develop and revise their rules and regulations.
Fiene, Richard, Theory of Regulatory Compliance (October 1, 2016). Available at SSRN: https://ssrn.com/abstract=3239691 or http://dx.doi.org/10.2139/ssrn.3239691
Fiene, R. (2019). A treatise on Regulatory Compliance. Journal of Regulatory Science, Volume 7, 2019. https://doi.org/10.21423/jrs-v07fiene
Regulatory Compliance Monitoring Paradigms and the Relationship of Regulatory Compliance/Licensing with Program Quality: A Policy Commentary, Journal of Regulatory Science, Volume 10, 2022. https://doi.org/10.21423/jrs-v10i1fiene