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Books > Business & Economics > Economics > Economic theory & philosophy
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Freer Markets, More Rules - Regulatory Reform in Advanced Industrial Countries (Hardcover)
Loot Price: R1,367
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Freer Markets, More Rules - Regulatory Reform in Advanced Industrial Countries (Hardcover)
Series: Cornell Studies in Political Economy
Expected to ship within 10 - 15 working days
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Over the past fifteen years, the United States, Western Europe, and
Japan have transformed the relationship between governments and
corporations. The changes are complex and the terms used to
describe them often obscure the reality. In Freer Markets, More
Rules, Steven K. Vogel dispenses with euphemisms and makes sense of
this recent transformation. In defiance of conventional wisdom,
Vogel contends that the deregulation revolution of the 1980s and
1990s never happened. The advanced industrial countries moved
toward liberalization or freer markets at the same time that they
imposed reregulation or more rules. Moreover, the countries
involved did not converge in regulatory practice but combined
liberalization and reregulation in markedly different ways. The
state itself, far more than private interest groups, drove the
process of regulatory reform. Thus, the story of deregulation is
one rich in paradox: a movement aimed at reducing regulation
increased it; a movement propelled by global forces reinforced
national differences; and a movement that purported to reduce state
power was led by the state itself. Vogel's astute and far-reaching
analysis compares deregulation in Britain and Japan, with special
attention to the telecommunication and financial services
industries. He also considers such important sectors as
broadcasting, transportation, and utilities in the United States,
France, and Germany.
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