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

Hardcover | January 15, 2004

byDale D. Murphy

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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 creationof 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 politicaleconomy 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, theimportation and sale of 'dolphin-lethal' tuna, and the advertising of infant formulae. 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 whichregulatory 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.

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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 creationof business law. Economic theories have ne...

Dale D. Murphy is Assistant Professor at the Walsh School of Foreign Service, Georgetown University, Washington DC.
Format:HardcoverDimensions:336 pages, 9.21 × 6.14 × 0.88 inPublished:January 15, 2004Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199267510

ISBN - 13:9780199267514

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Table of Contents

PART I: INTRODUCTION1. The Puzzle, An Explanation, and Theoretical FoundationsPART II: LOWER COMMON DENOMINATOR2. Shipping Flags-of-Convenience3. Offshore FinancePART III: HIGHER COMMON DENOMINATOR4. Montreal Protocol on Chlorofluorocarbons5. Basle Accord on Capital AdequacyPART IV: HETEROGENEITY6. Mexican Tuna-Dolphin7. U.S. Infant Formula MarketingPART V: CONCLUSION8. Evidence from the Case Studies, and ImplicationsBibliography