A regions investment climate and business prosperity depend to a large degree on the quality of its licensing, supervisory, and oversight activities. Is it possible to create an ideal system of state supervision? What progressive trends have been seen in state supervision in the twenty-first century? Can a balance be found between government supervision and civic oversight? To what extent are the monitoring and oversight reforms being introduced in different countries universal? What lessons can and should be scaled, and what practices should be treated with caution?