REGULATION IN EMERGING INDUSTRIES

Abstract

This paper analyses the development of regulatory frameworks in the context of growing technologies and new industry models. Research focuses on the need for regulators to adapt in a world of rapid technological change, balancing the need to foster innovation and protect public welfare. Through an analysis of successful and failed examples of regulatory approaches, the importance of flexibility, innovation, and collaboration between industry, government, and academia is highlighted. Properly implemented regulation in emerging industries is key to creating confidence, protecting consumers, and sustaining growth.