Interoperability Capability

Definition

The institutional capacity to reduce coordination friction through regulatory governance quality and rule-of-law infrastructure. Measured through OECD regulatory governance indicators (IC_OECD) and World Bank Regulatory Quality (IC_WGI).

Formula

Example

Singapore scores high on interoperability capability — strong regulatory governance combined with transparent, internationally-aligned rule-making processes reduce the coordination cost of its regulations.

Source

GIC Section 3