Risk Assessment and the WTO
Edited by David Robertson and Aynsley Kellow
Chapter 6: Risk assessment and risk management in policymaking
Robertson 02 chap 6 2/1/01 12:28 pm Page 81 6. Risk assessment and risk management in policymaking Marion Wooldridge* INTRODUCTION: SOME THOUGHTS ON POLICY AND RISK Why do we Need Policies? Governments introduce policies to regulate human activities, presumably for the greater good. Free trade and market forces bring economic benefits to consumers and producers, and this is the basis of the WTO system. Therefore, if free trade and market forces were unfettered by any policies, would this allow everyone to benefit from advances in science and manufacturing, and improvements in trade facilities, as much as they wished and without coercion? What would happen without any policies to regulate imports, exports, methods of manufacture of the myriad different types of product available today, and uses of any new scientific discovery which might have a marketable application? There would be some advantages, for example: • consumers would have plenty of choice • manufacturers could utilize the cheapest production methods • new drugs, vaccines and technologies of all sorts could come quickly onto the market. But there would be no control over the outcomes from the use of these new products and processes. Many of these outcomes would be uncertain. The future, always unpredictable, would become much more so. With high levels of uncertainty and lack of knowledge, a common response is the generation of high levels of apprehension, followed possibly by fear and perhaps panic. This * The final version of this paper has benefited from comments on an earlier draft offered by Gareth...
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