Trust as a regulatory strategy

Abstract

Growing scholarship hypothesises that presupposing trust in another party can actually secure more consistently the type of performance desired, with there being a necessity to build trust responsive mechanisms into a number of arenas due to the particular dynamics of trust relationships that see consistently the achievement of collaborative alternatives. The productive potential of transforming the regulatory environment based upon trust relationships presents the opportunity of securing greater compliance and mutually beneficial outcomes. While there are a number of theoretical and policy concerns with this theorising, it provides scope for identifying options that afford the greatest potential rewards for parties involved.