The Structure of Regulatory Competition: Corporations and Public Policies in a Global Economy

The Structure of Regulatory Competition: Corporations and Public Policies in a Global Economy

by Dale D. Murphy

Hardcover

$85.00

Overview

In order to understand international economic regulations, it is essential to understand the variation in competing corporations' interests. Political science theories have neglected the role of individual firms as causal actors. Theories of institutions have neglected to examine the creation of business law. Economic theories have neglected to apply concepts of asset specificity to social regulations in competitive industries. This book aims to fill these voids with a company-based explanation. Its theoretical findings open a 'black box' in the literature on international political economy and elucidate a source of regulatory differences and similarities.

Counter-intuitive case studies reveal how business and governments actually interact. They also contribute to both sides of current debates over corporate social responsibility. They examine diverse topics including offshore finance, flags-of-convenience, CFC production, capital requirements, the importation and sale of 'dolphin-lethal' tuna, and the advertising of infant formula.

By exploring powerful corporations' investment profiles and regulatory strategies, this book explains why globalization sometimes results in a 'race to the bottom', sometimes in higher common regulations, and sometimes in regulations that differ between countries. Uniquely, it then explains which regulatory outcome is likely to occur under specified conditions. The explanation incorporates economics, political science, studies of regulatory capture, and examinations of transaction costs, firms' regulatory strategies, and the roles international institutions.

Product Details

ISBN-13: 9780199267514
Publisher: Oxford University Press, USA
Publication date: 01/22/2004
Series: International Economic Law Series
Pages: 336
Product dimensions: 9.30(w) x 6.30(h) x 0.90(d)

About the Author

Dale D. Murphy is Assistant Professor at the Walsh School of Foreign Service, Georgetown University, Washington D.C.

Table of Contents

PART I: INTRODUCTION
1: The Puzzle, An Explanation, and Theoretical Foundations
PART II: LOWER COMMON DENOMINATOR
2: Shipping Flags-of-Convenience
3: Offshore Finance
PART III: HIGHER COMMON DENOMINATOR
4: Montreal Protocol on Chlorofluorocarbons
5: Basle Accord on Capital Adequacy
PART IV: HETEROGENEITY
6: Mexican Tuna-Dolphin
7: U.S. Infant Formula Marketing
PART V: CONCLUSION
8: Evidence from the Case Studies, and Implications
Bibliography
PART I: INTRODUCTION
1. The Puzzle, An Explanation, and Theoretical Foundations
PART II: LOWER COMMON DENOMINATOR
2. Shipping Flags-of-Convenience
3. Offshore Finance
PART III: HIGHER COMMON DENOMINATOR
4. Montreal Protocol on Chlorofluorocarbons
5. Basle Accord on Capital Adequacy
PART IV: HETEROGENEITY
6. Mexican Tuna-Dolphin
7. U.S. Infant Formula Marketing
PART V: CONCLUSION
8. Evidence from the Case Studies, and Implications
Bibliography

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