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The Rules of the Game in the Global Economy - Policy Regimes for International Business (Paperback, Softcover reprint of hardcover 1st ed. 1992)
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The Rules of the Game in the Global Economy - Policy Regimes for International Business (Paperback, Softcover reprint of hardcover 1st ed. 1992)
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This study has been long in the making, and the world has changed
dramatically while we have been at work. We initially anticipated a
substantial section on the Soviet-dominated Council for Mutual
Economic Assistance (CMEA or "COMECON"), which offered an
interesting contrast to the kind of international business regime
typically found among market-oriented countries and industries. As
we moved toward publi- tion, the CMEA vanished, and so we mention
it only in passing. The USSR subsequently disintegrated into a
Commonwealth of Independent States (CIS). On the other hand, we
began with the assumption that the historic "rule of capture" no
long played a significant role in international economic relations.
The seizure of Kuwait's territory and wealth by the government of
Iraq suggests that this assumption was heavily influenced by
wishful thinking. Even though this seizure has been reversed by
military action, the experience remains a challenge to generally
held beliefs about the strength of "order" versus "chaos" in
contemporary international affairs. Some readers of this volume
have suggested that it gives insufficient attention to the fact
that many of the important business and economic regimes of the
postwar period are currently under significant pressure, perhaps
even in danger of collapse. We acknowledge that there are many
evidences of strain in, for example, the free trade and money
exchange regimes, and in many areas of environmental protection.
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