Chapter

Evidence and Implications

Dale D. Murphy

in The Structure of Regulatory Competition

Published in print September 2006 | ISBN: 9780199216512
Published online March 2012 | e-ISBN: 9780191696008 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199216512.003.0008

Series: International Economic Law Series

Evidence and Implications

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Nearly every economic activity in modern society is subject to regulations and is therefore affected by competitive pressures from interstate trade and investments when no central authority has resolved costly regulatory differences. This book set out to answer a puzzle. It began by observing that initial cross-border variations in national regulations may lead to any of three basic trajectories for a given issue. Examples of these trends exist concurrently. These trajectories constitute the book's dependent variable. The goal was to find a common thread of explanation across diverse cases. This chapter first summarizes how well the book's answer to the puzzle holds up in light of the detailed case study chapters. Next, it touches on some variability which the propositions cannot explain, including human leadership. It then examines the broader significance of these findings for scholarly debates in contemporary international studies. Finally, it summarizes the implications for policy-makers and business executives.

Keywords: economic activity; economic regulation; national regulations; leadership

Chapter.  20820 words. 

Subjects: Public International Law

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