The Rules of the Game in the Global Economy: Policy Regimes for International Business / Edition 1

by Lee E. Preston, Duane Windsor

Overview

The subject of this study is the way that finns, industries, and nations organize their relationships with one another in order to engage in international business. To the casual observer, the processes of buying and selling, borrowing and lending, investing and receiving investment returns may seem much the same, whether they occur within a single country or between and among businesses in different political jurisdictions. In fact, however, business contacts between firms or individuals in different countries are significantly different from their domestic counterparts. Not only do international buyers and sellers, borrowers and lenders, investors and earnings recipients often use different languages and currencies, they also frequently operate under different basic rules governing contracts, accounting practices, and dispute-settlement arrangements; and they are subject to different tax systems. Most important, they may require explicit pennission, or at least facilitating arrangements, from their respective governments in order to engage in any economic contact whatsoever. It may well be that, as Adam Smith believed, there is "a certain propensity in human nature . . . to truck, barter, and exchange one 1, p. 17); but the fact is that most im­ thing for another" (1776, vol. portant markets and business relationships do not simply appear and evolve as natural phenomena. In fact, they are created by human effort and are highly organized, and international business relationships are the most highly organized of all.

Product Details

ISBN-13:	9780792398882
Publisher:	Springer Netherlands
Publication date:	03/31/1997
Edition description:	Softcover reprint of the original 1st ed. 1997
Pages:	259
Product dimensions:	6.10(w) x 9.25(h) x (d)

Table of Contents

I. The Context of International Policy Regimes.- 1. Complex Linkages in the Global Economy.- 2. The Nature of International Policy Regimes.- 3. Trade, Investment, and Enterprise Linkages.- II. International Regimes: Case Studies.- 4. Global and Comprehensive Regimes: The UN System.- 5. Regional and Associative Regimes.- 6. Trade, Monetary, and Investment Regimes.- 7. Sea and Air Transport Regimes.- 8. Telecommunications and Other Services.- 9. Environmental Regimes.- Epilogue: The Future of International Policy Regimes.- Note on data and sources.- References.- Appendix tables.

Editorial Reviews

'In conclusion, The Rules of the Game in the Global Economy is an important book that should be required reading for all students of international business. It opens up new vistas for research and enquiry into the future geopolitical arrangements that would envelop and direct international business and management both between and whitin MNEs and nation states.' Journal of Inter. Business Studies 1994

From the Publisher