Regulation spawns innovation to avoid it.
As is true of nearly every regulation spawned by the landmark 1970 Clean Air Act, the rule's benefits will greatly outweigh its costs to industry — a truth routinely ignored by the act's critics, most recently the Tea Party supporters in Congress.
The canal and Panama's business-friendly regulations have spawned big insurance, finance and legal industries and endowed Panama with the world's biggest merchant navy, at least on paper.
An "early warning" system can also help to root out trade restrictions in new foreign laws and regulations being spawned by the global clean energy economy.
The group supported the law in 2010, but its leaders now say the regulations it spawned are too rigid.
Regulations and interventions spawn constituencies that will fight any paring of their benefits.
However, few thought standardised packaging would foster illicit trade or spawn further regulation; most placed public health goals ahead of tobacco companies'rights's', and many supported government intervention to protect population health.
JUST as Hollywood blockbusters tend to spawn sequels, financial regulations do not usually stop at the first effort.
The industry and information technology minister, Li Yizhong, said the notion that the program, called Green Dam/Youth Escort, would be required on every new computer was "a misunderstanding" spawned by poorly written regulations.
Each one spawns volumes of related regulations as well as periodic amendments—a boon for firms that support payroll, withholding or personnel tasks.
