- Series: International Economic Law Series
- Hardcover: 336 pages
- Publisher: Oxford University Press; 1 edition (April 8, 2004)
- Language: English
- ISBN-10: 0199267510
- ISBN-13: 978-0199267514
- Product Dimensions: 9.3 x 0.9 x 6.3 inches
- Shipping Weight: 1.3 pounds (View shipping rates and policies)
- Average Customer Review: 5 customer reviews
- Amazon Best Sellers Rank: #5,638,668 in Books (See Top 100 in Books)
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The Structure of Regulatory Competition: Corporations and Public Policies in a Global Economy (International Economic Law Series) 1st Edition
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"A coherent theoretical statement about when, and under what conditions, states will dismantle regulations, harmonize them to the highest level, or allow heterogeneous regulations to prevail. What sets Murphy's book apart from other political science scholarship in this area is that he abandons the assumption that corporations have monolithic regulatory preferences, and instead unpacks the "black box" of the corporation."
--Perspectives on Politics
About the Author
Dale D. Murphy is Assistant Professor at the Walsh School of Foreign Service, Georgetown University, Washington D.C.
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Top customer reviews
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Here's what John H. Jackson, University Professor at Georgetown Law School, says about this book:
"Dale Murphy has taken the subject another big step forward, by choosing a new, effective, and highly empirical approach. ... The explanation bridges studies of law, economics, political science, and business strategy. It is a fascinating study which closely examines the real world, and is an important contribution to the literature of international economic rules.
"Professor Murphy successfully challenges several orthodoxies in international political economy and law and offers a new theoretical understanding based on firms' regulatory preferences. ... These case-studies -- some familiar, some new -- also illuminate controversies over 'globalization' and responses to them such as corporate social responsibility and public-private partnerships.
"The compelling historical narratives draw on the author's work experience in the private sector, government, and development agencies in over 30 countries, as well as his academic training. Braving provocative questions, the book shines light on the black box of policy-making and analyzes the fundamentally important role that firms play in shaping regulations.
"It makes a significant theoretical contribution to the field in the analysis and differentiation of firms' varied regulatory preferences, rather than treating these as monotonic. Not content with vague generalizations about 'market forces' or 'the private sector', the book burrows beneath superficial press releases and digs deep into firms' strategies and the political process by which regulations emerge. This painstaking research pays off both in the insights it generates and the robustness of the arguments."
Robert O. Keohane: "THE STRUCTURE OF REGULATORY COMPETITION indicates how important the strategies of large corporations are for global and national regulatory policy. Norms and ideas sometimes play a role, but to explain outcomes, Dale Murphy reminds us, we have to understand material interests."
David Vogel: "A first-rate contribution to both research and theory on how economic interests affect regulatory policy-making in a global economy. Murphy makes a persuasive case for the critical role played by industry structures in shaping patterns of both international and domestic regulation. This is an important book whose original analysis of the dynamics of both the 'Delaware' and 'California' effects deserves to be widely discussed and debated."
Kenneth A. Oye: "This book is a major contribution to debates over globalization. Some argue that integration spawns competitions in regulatory laxity. Others maintain that integration encourages upward regulatory harmonization. Murphy transcends this debate, identifying conditions that explain when regulations will drop toward a lowest common denominator, when regulations will converge upward, and when regulatory differences will persist. Murphy presents meticulously researched cases on regulations governing environmental performance, shipping registration and flags-of-convenience, labor standards, and capital adequacy standards. These case studies are theoretically insightful and empirically rich fables of globalization, complete with morals. Essential reading for an era when international trade conflicts center on domestic regulatory differences."
The case studies are particularly useful. Examining a diverse set of cases such as CFC production, offshore finance, infant formula, dolphin-tuna debates, etc., Murphy is able to weave an argument that predicts international political outcomes by attacking cases that vary. His revisiting of the dolphin-tuna wars is particularly well-done as it provides a new perspective on an oft-misunderstood case.
If you want to understand globalization beyond the sound bytes and headlines, definitely take a look.