Critics of globalization claim that economic liberalization leads to a lowering of regulatory standards. As capital and corporations move more freely across national boundaries, a race to the bottom results as governments are forced to weaken labor and environmental standards to retain current contracts or attract new business. The essays in this volume argue that, on the contrary, under certain circumstances global economic integration can actually lead to the strengthening of consumer and environmental standards. This volume extends the argument of David Vogel’s book Trading Up, which discussed environmental standards, by focusing on the impact of globalization on labor rights, women’s rights and capital market regulations.
David Vogel is the George Quist Chair of Business Ethics at the Haas School of Business and a Professor of Political Science at the University of California, Berkeley. His recent publications include Trading Up: Consumer and Environmental Regulation in a Global Economy and Benefits of Barriers? Regulation in Transatlantic Trade.Robert A. Kagan is Professor of Political Science and Law at the University of California, Berkeley. His most recent books are Adversarial Legalism: The American Way of Law, Regulatory Encounters: Multinational Corporations and American Adversarial Legalism, and Shades of Green: Business, Regulation, and Environment.
Introduction: National Regulations in a Global Economy, David Vogel and Robert A. Kagan
1. The International Politics of Harmonization: The Case of Capital Market Regulation, Beth Simmons
2. The Business Dynamics of Global Regulatory Competition, Dale D. Murphy
3. Dealing with a Resource Crisis: Regulatory Regimes for Managing the World’s Marine Fisheries, Christopher J. Carr and Harry N. Scheiber
4. Globalization and Hazardous Waste Management: From Brown to Green?, Kate O’Neill
5. Closing the Deception Gap: Accession to the European Union and Environmental Standards in East Central Europe, Diahanna Post
6. Environmental Management Standards and Globalization, Magali A. Delmas
7. WTO Efforts to Manage Differences in National Sanitary and Phytosanitary Policies, David G. Victor
8. Globalization, Federalism, and Regulation, R. Daniel Kelemen
9. Feminism, NGO’s, and the Impact of the New Transnationalisms, Joyce Gelb
10. A Race to the Bottom, a Race to the Top or the March to a Minimum Floor?, Daniel P. Gitterman