ABSTRACT
As individuals the quality of our lives depends on the quality of our relationships with others, both in meeting our needs and deploying our talents. It is our relationships with others that enrich or impoverish our lives. However, although this is equally true in our public life, the problem we immediately confront is how to maintain relationships with those whom we don’t know and whose conditions of existence are often beyond our own experience, or even imagination. It is here that we look for guidance so that the interests of the few and the interests of the many can be integrated in a way that serves as far as possible the interests of all. In providing guidance to the resolution of global issues, regulations matter. As a reservoir of accumulated informed thought, they are one of the most powerful tools we have yet created in building a secure and better future. The design of the regulatory context within which policy is fashioned and rendered into reality is of paramount importance.
