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Государство и право Государство и право
Теория государства и права Теория государства и права


The Political Economy of Regulatory Competition. A Diachronic Institutional Theory of Legal Change in an Era of Globalization

Автор:   Henri T.
мягкая обложка
192 страниц
2009 год
Издательство:   Книга по Требованию
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Описание:This book seeks to transcend that debate by reframing traditional externality problems as opportunities for government to shape the market in new ways that fit better with basic democratic values. Regulatory competition has been viewed either as a scourge or as a blessing. However, the implication is that the underlying paradigm of regulation needs to shift from a Machiavellian punishment and reward model to one that promotes constant innovation to counteract the traditional limitations of the market. Contextual regulation holds that it is possible and even desirable for government to shape consumer preferences using market strategies in ways that regulate companies better than command and control can. Liberal authors warn against the potential of a race to the bottom when governments are played out by companies now operating in a global market place, whereas conservative authors point to the benefits of experimentation resulting from a global market in regulation. It advances the concept of contextual regulation by which government creates the conditions that allow a market for collective goods to function, even across borders.

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The Columbia History of the British Novel

If anything, the narrator's concluding statement that "the interests of one were the interests of all" supports the economists' theories, just as her explanation that foreign competition justifies a temporary reduction of wages endorses the principle of laissez-faire. For the most part, however, Gaskell sidesteps the controversy surrounding political economy by avoiding disquisitions on theory of any kind. Rather than airing debates about the New Poor Law, free trade, or the wage fund, Gaskell presents the problem as one of communication and knowledge-as a conflict, that is, between the masculine refusal to know except in abstractions and the feminized imaginative embrace. Parliament rejects the People's Charter, the narrator suggests, because legislators did not want to know the conditions of the poor; the workmen in Manchester strike because the masters do not tell their employees about the foreign competition the mills face. If representatives for each side explained their interests in concrete terms, the narrator claims, mutual forbearance or even sympathy would result, as it does when Carson and Job Legh finally elaborate their positions for each other ...»

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The Structure of Regulatory Competition: Corporations and Public Policies in Global Economy
Uniquely, it then explains which regulatory outcome is likely to occur under specified conditions. - Interdisciplinary; incorporating political science, economics, legal, and business studies - Historical narratives on the role of powerful firms in shaping public policies, for example on the origins of offshore banking - Sheds new empirical light on the heated controversy over corporate social responsibility 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 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.
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