“Regulation is about problem solving, and not red tape”
Professor Lee Suil, in his own inimitable friendly manner, found time to talk to The Globe about his new course titled ‘Regulation: Theory and Practice’. Professor Suil worked for three years as the Executive Director of the Center for Regulatory Studies at the Korea Development Institute before joining KDIS to share the wealth of his knowledge. During that time, he did a lot of practical work in the field of Regulatory Reforms and obtained special insights into the field of Regulation. This enabled him to design the new course on regulation and regulatory reform at KDIS. Regulation is an area he is very passionate about and has a deep understanding of through experience.
Could you briefly describe what your course is about?
“Regulatory Reform is currently in high demand around the world with the convergence of ICT and existing industries, and the arrival of the Fourth Industrial Revolution. Regulatory Reform is also at the core of the inclusive growth model. In fact, regulation is the process of solving social problems. Problems are everywhere, and regulations are everywhere! Regulations involve all sectors and programs. The more effective and efficient they are, the better the outcomes. Regulations control how economic and social advancements take form. In this course, I will teach students about Regulation, comparing its theoretical versions to the practical realities.”
Is there anything special or different about teaching at KDIS?
“My classes comprise of 16 foreign students from 14 different countries, in addition to domestic students. This rich combination provides great learning experiences. Listening and discussing the students’ diverse perspectives of how problems are solved in their countries is something that has made this a mutually rewarding experience. These classes have turned out to be very informative.”
How do you plan to do your lectures? Are there any particular methods you are planning to employ?
“I created all the content of this course from my knowledge and experience of this field about which I am thoroughly confident. I will refer to textbooks to elaborate regulation theories and use case studies to show the practical applications for these theories. I also encourage students to think creatively, and approach the subject of Regulations as Problem Solving rather than a way of applying Red Tape for the market.
Problem solving is like a creative art, with no right or wrong answers. Likewise, there are no textbook solutions to forming regulations because there are so many possible solutions to different problems, and this calls for creativity. Students have to learn how to creatively find solutions to effectively address problems.”
What challenges have you found in your teaching experience?
“At the beginning of the course, almost every student came with a different perspective of what regulation means. But this was soon cleared up as they eventually learned what it meant. The word ‘Regulation’ can mean so many different things and its coverage will vary significantly depending on the context.
The students are also apprehensive of mathematical approaches. Good enough, but the course is not mathematically intensive and any economic courses are not a prerequisite for this course. Any knowledge of economics necessary to understand the contents of the lectures is provided and easily digested in the first class of the course.”
To whom would you recommend this course?
“This course is highly recommended for government officials and generally everyone who is interested in learning how to solve problems in our society. We all need to know why we have regulation, who makes them, how to use them to solve problems, how to form effective and efficient regulations, how to implement them, and how to analyze and evaluate them.
Regulation is an interaction between the government and the private sector and is an essential element of development. Therefore, if we aspire to influence change in our societies, this course would teach us how to do it. “
By Cadreen Barungi KABAHIZI (2018 MPP, Uganda)