When the Panama Canal was inaugurated in 1914, it stood as a monument to engineering prowess and the quiet, often invisible discipline of measurement. The accurate control of water levels, the precise alignment of massive lock gates, and the seamless operation of the canal’s machinery were feats that depended on precise, reliable, and consistent measurements—what we now recognize as core elements of metrology. Yet, at that time, Panama had no national metrology infrastructure of its own.
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Elevating Quality Infrastructure through Regulatory Impact Assessments
Regulatory Impact Assessment (RIA) is a systematic approach to critically assessing the positive and negative impacts of proposed and existing regulations by systematically examining different policy options and alternatives. It is the only tool for Good Regulatory Practice (GRP) and an evidence-based approach to policymaking.
Continue readingMacroeconomic benefits of quality infrastructure
One reason for investing in Quality Infrastructure (QI) is its contribution to a country’s economic growth. QI enhances economic performance through several avenues, including opening markets, reducing entry barriers, promoting knowledge transfer and better management procedures, facilitating production along value chains, enabling economies of scale, and reducing adverse selection and asymmetric information (Gonçalves and Peuckert, 2011). While interest in QI has been increasing over the years, QI experts, researchers and practitioners are challenged with quantifying the economic benefits of QI to highlight its importance and justify the need for investment and further development. So far, there have been various studies on the macroeconomic impact of individual QI components, such as standards, metrology and conformity assessment. However, an impact analysis for the entire system is still pending. This blog explores the methodologies used for the macroeconomic impact assessments of the different QI components and the possibility of conducting an assessment of the overall QI system.
Continue readingWhat do Regional Trade Agreements mean for quality infrastructure?
The number of Regional Trade Agreements (RTAs) entering into force has steadily increased over the past two decades (see figure below). This continuous growth has been interpreted as a reaction to the Multilateral Trading System (MTS) crisis, which has raised concerns about the future of Quality Infrastructure.
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