`... addresses one of the hottest policy questions on both sides of the Atlantic: At what level of government should regulation be undertaken?' Yale Law Report vol 28, no. 2, Summer 2001
`Regulatory Competition and Economic Integration provides lucid, informative, thought-provoking answers drawing on US, EU, and international experience in a variety of policy areas. Essential reading for students and reflective practitioners of regulation in today's globalizing economy.' Richard Stewart, University of New York
`With ongoing trade liberalization and economic integration around the globe, does increasing competition require more regulatory co-ordination and harmonization to avoid a "race to the bottom" or should nations pursue their own approaches to regulation? This volume is an extraordinarily rich exploration of this fundamental question that cuts across different fields of regulation, employs a variety of methodical approaches, and draws on the experience in the U.S., Europe, and elsewhere. The essays by leading scholars from a number of disciplines provide the best treatment of this issue that I know of.' Wallace E. Oates, University of Maryland.
`The question of regulatory competition has come to center stage with widespread fears of a race to the bottom in the rapidly integrating worl economy. This book, with penetrating and masterly essays by several of the leading authorities on the subject today, is therefore immensely timely. Read and be informed.' Jadish Bhagwati, Council on Foreign Relations
`Like death and taxes, regulation will always be with us. But can regulatory competition serve public purposes at the local, national, and global levels? These experts from economics, business, law, and political science provide an interesting set of answers in a wide set of domains.' Joe Nye, Kennedy School of Government, Harvard
`The integration of markets has created a policy dilemma, whether to harmonize regulatory systems or rather to permit competition between them. This volume contains an excellent survey of the key issues written by an impressive team of experts from both sides of the Atlantic.' Anthony Ogus
Product Description
This study addresses one of the hottest policy questions on both sides of the Atlantic--at what level of government should regulation be undertaken?. The editors bring together leading scholars to examine the various aspects of the debate between "harmonization" and "regulatory competition" across three comparative dimensions. The book provides a sharp focus on the circumstances that would yield gains from regulatory competition and to contrast those cases where heightened cooperation in standard setting or broader regulatory harmonization might increase social welfare.
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