Written for both executives in large organizations and students
of business and management policy, this book examines the
externally imposed costs of production in the United States and its
major competitors abroad. The principal focus is on the costs of
legal and regulatory compliance, although costs imposed by market
forces--such as employee health insurance--also receive extended
coverage. Using corporate case examples, the author examines how
each of these types of costs affects various business operations
and presents practical guidelines for dealing successfully with the
costs themselves and the systems through which they are
imposed.
Following an introductory chapter on the nature of externally
imposed costs, the author presents an overview of the relationships
between law, regulation, and the market. Subsequent chapters offer
an extended treatment of the impact of the litigation system on the
cost of doing business. In addition to discussing issues such as
product liability, malpractice, wrongful dismissal, and patents,
Chinloy also explores alternatives to the tort litigation system. A
separate chapter devoted to an international comparison of
litigation as it affects business includes a detailed analysis of
Japan's legal system as well as coverage of nontariff barriers. The
final chapters address the costs imposed by government regulation
and those that result from market forces.
General
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