In the halls of Annapolis and in Capitol Hill there is a permeating belief vending about the fact that regulation is inherently not good for business. It was also heard from previous administration department in Maryland when they had clashes with the state lawmakers. And it is also seen in the national level for seven years.

But the new or latest regulation collapse at the national and state level and also globally has shown that the positive business climate with effective regulation is not mutually exclusive. Not implementing adequate regulations is very dangerous for the consumers as well as it will also harm the entire economy and the industries as a whole.

There are quite a few examples from the past about not following the regulations during years ad resulted in a great nightmare. Like one example is of a regulatory negligence in the national airport in the USA for years which resulted in the unsafe planes which increased the scrutiny of American and Delta Airlines causing delays and flight cancellation in the whole nation.

Also one more example we can take is of the toys which were supplied from China which were declared unsafe due to the result of regulatory failure by the Chinese government.

So it is understood that effective regulatory decisions and implementation will help the business climate to grow and excel.

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