The Rules of the Game in the Global Economy

The Rules of the Game in the Global Economy: Policy Regimes for International Business (Second Edition) analyzes the evolution of international policy regimes affecting the development and management of international business. The authors explain the nature of international regimes, and show how the interlinked processes of global economic integration and multinational enterprise expansion make the development of regimes both inevitable and desirable. They then examine several major types of regime currently in place, including those that have emerged from global or regional institutions such as the United Nations (UN) and the European Community (EC), as well as those dealing with functional areas such as international trade and payments, sea and air transportation, telecommunications, and environmental issues. They conclude with an assessment of the critical similarities and differences among existing regimes, the most likely direction and scope of future regime development, and the important implications of regime evolution for international management. This second edition provides the reader with the following revisions: Update all data and tables and include more recent developments and examples, wherever possible and appropriate. Give specific attention to the evolution of new institutional arrangements, such as the European Union, NAFTA, and WTO. Increase emphasis on the importance to business and economic activity of environmental regimes as reflected in the issues raised at the 1992 Earth Summit in Rio de Janeiro and related developments. Reorganize some sections of the text including the rearrangement of materials within and among others, and the introduction of a separate chapter on telecommunications and services.