International Harmonization Of Economic Regulation

Author : Junji Nakagawa
Publisher : Unknown
Page : 409 pages
File Size : 48,6 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780199604661

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International Harmonization of Economic Regulation by Junji Nakagawa Pdf

With the advancing globalization of the world economy, domestic economic regulations are becoming more and more subject to efforts at international harmonization. This book presents an analysis of this worldwide phenomenon from both a legal and a politico-economic perspective by focusing on (1) the backgrounds and objectives of international harmonization, (2) the negotiating processes involved, and (3) the impact of harmonization on domestic laws and their administration. International harmonization is discussed in a wide range of cases including trade-related regulations, technical standards and food safety standards, intellectual property rights, labour standards, competition law and policy, financial regulations, and regulations concerning transnational economic crime. Drawing on a wide range of materials and applying a unified analytical framework based on theoretical as well as practical observations, the book surveys this much debated topic in a comprehensive and accessible way. It thus contributes to a better understanding of both the chances and the challenges of globalization and global governance today.

Author : Hyoung-kyu Chey
Publisher : Routledge
Page : 228 pages
File Size : 43,8 Mb
Release : 2014-01-02
Category : Business & Economics
ISBN : 9781134500871

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International Harmonization of Financial Regulation? by Hyoung-kyu Chey Pdf

It is often argued that international financial regulation has been substantially strengthened over the past decades through the international harmonization of financial regulation. There are, however, still frequent outbreaks of painful financial crises, including the recent 2008 global financial crisis. This raises doubts about the conventional claims of the strengthening of international financial regulation. This book provides an in-depth political economy study of the adoptions in Japan, Korea and Taiwan of the 1988 Basel Capital Accord, the now so-called Basel I, which has been at the center of international banking regulation over the past three decades, highlighting the domestic politics surrounding it. The book illustrates that, despite banks’ formal compliance with the Accord in these countries, their compliance was often cosmetic due to extensive regulatory forbearance that allowed their real capital soundness to weaken. Domestic politics thus ultimately determined national implementations of the Accord. This book provides its novel innovative study of the Accord through scores of interviews with bank regulators and analysis of various primary documents. It suggests that the actual effectiveness of international financial regulation relies ultimately on the domestic politics surrounding it. It implies as well that the past trend of international harmonization of financial regulation may be illusory, to at least some extent, in terms of its actual effectiveness. This book may interest not only political economists but also scholars working on the intersection of law, economics and institutions.

Author : Hyoung-kyu Chey
Publisher : Routledge
Page : 275 pages
File Size : 48,5 Mb
Release : 2014-01-02
Category : Business & Economics
ISBN : 9781134500949

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International Harmonization of Financial Regulation? by Hyoung-kyu Chey Pdf

It is often argued that international financial regulation has been substantially strengthened over the past decades through the international harmonization of financial regulation. There are, however, still frequent outbreaks of painful financial crises, including the recent 2008 global financial crisis. This raises doubts about the conventional claims of the strengthening of international financial regulation. This book provides an in-depth political economy study of the adoptions in Japan, Korea and Taiwan of the 1988 Basel Capital Accord, the now so-called Basel I, which has been at the center of international banking regulation over the past three decades, highlighting the domestic politics surrounding it. The book illustrates that, despite banks’ formal compliance with the Accord in these countries, their compliance was often cosmetic due to extensive regulatory forbearance that allowed their real capital soundness to weaken. Domestic politics thus ultimately determined national implementations of the Accord. This book provides its novel innovative study of the Accord through scores of interviews with bank regulators and analysis of various primary documents. It suggests that the actual effectiveness of international financial regulation relies ultimately on the domestic politics surrounding it. It implies as well that the past trend of international harmonization of financial regulation may be illusory, to at least some extent, in terms of its actual effectiveness. This book may interest not only political economists but also scholars working on the intersection of law, economics and institutions.

Author : Patrick van Zwanenberg,Adrian Ely,Adrian Smith
Publisher : Routledge
Page : 161 pages
File Size : 52,7 Mb
Release : 2013-11-26
Category : Science
ISBN : 9781317972143

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Regulating Technology by Patrick van Zwanenberg,Adrian Ely,Adrian Smith Pdf

Examining the regulation of technologies, this book explores how the drive to harmonize regulatory policies across the world is at odds with the increasingly diverse local settings in which they are implemented. The authors use a 'framings' approach that starts with the concerns and experiences of technology users and works 'upwards' in order to examine how best to improve regulation. The book centres around two in-depth case study topics: regulation of transgenic cotton seed and regulation of antibiotics, compared across situations in China and Argentina. The authors examine how high-level initiatives in regulatory harmonization and regulatory capacity building compare with national policies, day-to-day enforcement realities on the ground, and with the way poorer users experience these technologies. Through these studies the authors offer ways to rethink regulation in order to realign the power and politics at play and create more effective regulation for technology users around the world. Published in association with the Economic and Social Research Council (ESRC).

Author : Petros C. Mavroidis
Publisher : World Scientific
Page : 510 pages
File Size : 50,8 Mb
Release : 2013
Category : Business & Economics
ISBN : 9789814390842

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Regulation of Foreign Investment by Petros C. Mavroidis Pdf

The main aim of this book is to assess the importance of international rules for foreign direct investment and the major challenges to international harmonization of those rules. Particular attention is paid to the most controversial and contentious issues with the view of appraising the prospects for establishing global rules. The book is divided into three parts; the first part includes papers assessing the role of national and international legislation with further distinction being made between bilateral, regional and multilateral legal frameworks. The second part addresses regulatory issues of technology transfer, labor, environment, subsidies and investment incentives, national security, public services and sovereign wealth funds. The final part looks at the experience of some international fora in addressing these issues and at some theoretical and conceptual problems of rule harmonization. The papers have been written by legal and economic scholars from leading universities.

Author : Michael A. Crew,David Parker
Publisher : Edward Elgar Publishing
Page : 420 pages
File Size : 43,9 Mb
Release : 2006
Category : Law
ISBN : 9781847201614

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International Handbook on Economic Regulation by Michael A. Crew,David Parker Pdf

Michael Crew and David Parker have compiled a comprehensive, up-to-date and detailed analytical work on leading research issues in the economics of regulation. With contributions from international specialists in economic regulation, the Handbook provides a comprehensive discussion of major developments in both the theory and practice of regulatory economics. This book will be an indispensable source for both students and practitioners of regulation. The Handbook begins by looking at the principles, history and methods of regulation before turning to specialist themes including: pricing and social welfare regulating service quality consumer representation performance benchmarking environmental regulation calculating the cost of capital information revelation and incentives the economics of access charging regulatory governance regulatory policy in developing countries particular issues in the regulation of the telecommunications, energy, transport and water sectors. The International Handbook on Economic Regulation is essential reading for researchers in the economics of regulation and students of regulation on final year undergraduate and postgraduate degree courses. As a major reference work, it is of value and assistance to economists in regulatory offices, regulated companies and government departments.

Author : Cally Jordan
Publisher : Unknown
Page : 27 pages
File Size : 53,5 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290704524

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Financial Regulatory Harmonization and the Globalization of Finance by Cally Jordan Pdf

In the globalizing economy, national policymakers are often forced to accept the challenge of financial integration. Faced with the potentially destabilizing effects of international financial markets, they have to strengthen financial regulation, importing international best practices and aligning domestic with foreign regulation, to avoid destabilizing phenomena of regulatory arbitrage. Jordan and Majnoni explore the main features of the ongoing process of worldwide financial regulatory convergence and the role played by the global dissemination of financial standards and codes. They analyze the reasons behind the generalized acceptance of international best practices and the limits of the standards and codes approach to financial regulatory harmonization.This paper - a joint product of the Financial Sector Operations and Policy Department and the Cofinancing and Project Finance Group, Legal Vice Presidency - is part of a larger effort in the Bank to study the impact of financial regulation on economic development.

Author : Pierre-Louis Lezotre
Publisher : Academic Press
Page : 376 pages
File Size : 51,5 Mb
Release : 2013-12-05
Category : Medical
ISBN : 9780128005699

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International Cooperation, Convergence and Harmonization of Pharmaceutical Regulations by Pierre-Louis Lezotre Pdf

International Cooperation, Convergence and Harmonization of Pharmaceutical Regulations: A Global Perspective provides the current status of the complex and broad phenomenon of cooperation, convergence and harmonization in the pharmaceutical sector (Part I), thoroughly evaluates its added value and its critical parameters and influencing factors (Part II) in order to recommend actions and measures to support the next steps for cooperation, convergence and harmonization (Part III). All of these recommendations in the book support the establishment of a better coordinated global pharmaceutical system which represents the best realistic alternative to fulfill the objective to establish a global coalition of regulators and to respond to an increased demand to further cooperation in the pharmaceutical sector. This proposed framework, which leverages all of the ongoing positive cooperation initiatives and uses as foundations all of the numerous harmonization projects developed over the years, presents advantages for all stakeholders and would definitively have significant added value to the promotion and protection of global public health. The status of all major worldwide harmonization and cooperation initiatives (at bilateral, regional, and global levels) The value of cooperation in the pharmaceutical sector and the driving factors behind harmonization The proposition of a structure for the global pharmaceutical system and timely recommendations for enhancing international cooperation, as well as further discussion and policy changes in this area

Author : Peter Bernholz,Roland Vaubel,Egon-Sohmen-Foundation
Publisher : Psychology Press
Page : 281 pages
File Size : 52,8 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780415429856

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Political Competition and Economic Regulation by Peter Bernholz,Roland Vaubel,Egon-Sohmen-Foundation Pdf

Organized, readable, technically sound and comprehensive from both theoretical and empirical standpoints, this book summarizes a vast amount of institutional, historical and descriptive detail. Using case studies from the US, Canada, Germany and Switzerland as well as the European Union and the global economy, this is the first book of its kind to examine historical evidence on how competition among states – or the lack of it – affects regulation, especially labour market regulation. Edited by internationally respected scholars of economics and containing contributions from eminent economists, this book reveals important implications as to whether European political integration leads to more regulation and whether globalization restrains regulation. It will be of great interest to both economists and students engaged with political economy, public choice and regulation.

Author : Junji Nakagawa
Publisher : Unknown
Page : 0 pages
File Size : 45,7 Mb
Release : 2015-07-16
Category : Dispute resolution (Law)
ISBN : 041570586X

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Transparency in International Trade and Investment Dispute Settlement by Junji Nakagawa Pdf

Transparency in international trade and investment dispute settlement drew attention of international economic law scholars in the late 1990s, but most literature discusses the transparency in trade DS and investment DS separately.

Author : Roberta Greco
Publisher : Routledge
Page : 331 pages
File Size : 52,6 Mb
Release : 2022-05-05
Category : Business & Economics
ISBN : 9781000217469

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The Human Right to Water and International Economic Law by Roberta Greco Pdf

This book discusses the international right to water and the liberalization of water services. It is concerned with the harmonization of the right to water with the legal systems under which liberalization of water services has taken or may take place. It assesses paths of harmonization between international human rights law and international economic law in this specific field. The issue of the compatibility between the fulfilment of the right to water and the liberalization of water services has been at the heart of a passionate public debate between opponents and advocates of the privatization of the utility. The book provides an unbiased analysis of different international legal regimes under which the liberalization of water services has occurred or is likely to occur, notably international investment law, international trade law and European Union law, in order to assess whether the main features of the right to water can be guaranteed under each of these systems of law and whether there is space for prospective harmonization. The work will be an invaluable resource for academics, researchers and policy-makers working in the areas of International Human Rights Law, International Economic Law, International Water Law, International Trade Law and EU Law.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 43,6 Mb
Release : 1981
Category : Electronic
ISBN : OCLC:604619888

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Economic Regulation by Anonim Pdf

Author : David Vogel,Robert A. Kagan
Publisher : Univ of California Press
Page : 384 pages
File Size : 49,8 Mb
Release : 2004-12-31
Category : Business & Economics
ISBN : 0520245350

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Dynamics of Regulatory Change by David Vogel,Robert A. Kagan Pdf

Critics of globalization claim that economic liberalization leads to a lowering of regulatory standards. As capital and corporations move more freely across national boundaries, a race to the bottom results as governments are forced to weaken labor and environmental standards to retain current contracts or attract new business. The essays in this volume argue that, on the contrary, under certain circumstances global economic integration can actually lead to the strengthening of consumer and environmental standards. This volume extends the argument of David Vogel’s book Trading Up, which discussed environmental standards, by focusing on the impact of globalization on labor rights, women’s rights and capital market regulations.

Author : Ben Shepherd
Publisher : World Bank Publications
Page : 34 pages
File Size : 42,5 Mb
Release : 2007
Category : CDI.
ISBN : 8210379456XXX

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product standards,harmonization,and trade: evidence from the extensive margin by Ben Shepherd Pdf

Abstract: The author uses a new database of EU product standards in the textiles, clothing, and footwear sectors to present the first empirical evidence that international standards harmonization is associated with increased partner country export variety. A 10 percentage point increase in the proportion of internationally harmonized standards is associated with a 0.2 percent increase in partner country export variety, whereas a 10 percent increase in the total number of standards is associated with a nearly 6 percent decrease in product variety. Although small, the harmonization elasticity is statistically significant, and proves highly robust to sample changes and instrumental variables estimation using instruments motivated by political economy considerations. Moreover, it is found to be around 50 percent higher for low income countries, which suggests that they may be particularly constrained in adapting products to meet multiple standards. Numerical simulations show that these findings are consistent with a heterogeneous firms model of trade in which harmonization is beneficial at the extensive margin provided that any increases in compliance costs are not too large.

Author : Ajendra Srivastava
Publisher : Springer Nature
Page : 334 pages
File Size : 42,6 Mb
Release : 2020-08-31
Category : Law
ISBN : 9789811554759

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Modern Law of International Trade by Ajendra Srivastava Pdf

This book presents a comprehensive and systematic study of the principal aspects of the modern law of international commercial transactions. Based on diverse sources, including legislative texts, case law, international conventions, and a variety of soft-law instruments, it highlights key topics such as the international sale of goods, international transport, marine insurance, international finance and payments, electronic commerce, international commercial arbitration, standard trade terms, and international harmonization of trade laws. In focusing on the private law aspects of international trade, the book closely analyzes the relevant statutes, case law and the European Union (EU) and international uniform law instruments like the Rome I Regulation, the UN Convention on the Contracts for the International Sale of Goods (CISG), UNCITRAL Model Laws; non-legislative instruments including restatements such as the UNIDROIT Principles on International Commercial Contracts, and rules of business practices codified by the ICC such as the Arbitration Rules, UCP 600 and different versions of the INCOTERMS. The book clearly explains the key concepts and nuances of the subject, offering incisive and vivid analyses of the major issues and developments. It also traces the evolution of the law of international trade and explores the connection between the lex mercatoria and the modern law. Comprehensively examining the issue of international harmonization of trade laws from a variety of perspectives, it provides a detailed account of the work of major players in the field, including UNCITRAL, UNIDROIT, ICC, and the Hague Conference on Private International Law (HCCH). Adopting the comparative law method, this book offers a critical analysis of the laws of two key jurisdictions—India and England—in the context of export trade. In order to stimulate discussion on law reform, it explains the similarities and differences not only between laws of the two countries, but also between the laws of India and England on the one hand, and the uniform law instruments on the other. Given its breadth of coverage, this book is a valuable reference resource not only for students in the fields of law, international trade, and commercial law, but also for researchers, practitioners and policymakers.