City Research Online

Abstract

This perspective examines the evolving landscape of risk regulation, particularly within the UK, where a governmental shift towards prioritising economic growth is underway. It explores the tension between safeguarding society through regulation and the fostering of economic outcomes. This tension manifests itself as ‘Janus faced’ with risk regulation simultaneously tryng to balance what has gone before, with what may come. The perspective revisits the precautionary principle, arguing it can lead to ‘precautionary iatrogenesis’, stifling innovation and growth. It calls for a broader discussion within the risk research community about the appropriate balance between risk and growth, emphasising the need to consider risk/risk tradeoffs and the unintended consequences of excessive precaution.

Publication Type:	Article
Additional Information:	This is an Accepted Manuscript of an article to be published by Taylor & Francis in Journal of Risk Research to be available at: https://www.tandfonline.com/journals/RJRR
Publisher Keywords:	Regulation, Growth, Innovation, Precautionary Principle, Risk Management
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Departments:	Bayes Business School Bayes Business School > Faculty of Actuarial Science & Insurance
SWORD Depositor:	Symplectic Administrator

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