How can governments balance the need for regulatory adaptability with the importance of maintaining consistency and predictability in the legal framework, especially in the face of rapid advancements in technology and social change?
Governments can balance the need for regulatory adaptability by regularly reviewing and updating laws to keep pace with technological advancements and societal changes. They can also establish flexible regulatory frameworks that allow for adjustments as needed. At the same time, governments can maintain consistency and predictability by setting clear guidelines and principles that provide a stable foundation for regulation. Engaging with stakeholders, conducting impact assessments, and seeking input from experts can help ensure that regulations strike the right balance between adaptability and stability.
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