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Comparative Disadvantages?: Social Regulations and the Global Economy

Comparative Disadvantages?: Social Regulations and the Global Economy

Paperback

EconomicsGeneral Political ScienceInternational Relations

ISBN10: 081576085X
ISBN13: 9780815760856
Publisher: Brookings Institution Press
Published: Jul 1 1997
Pages: 368
Weight: 1.14
Height: 1.02 Width: 6.02 Depth: 8.98
Language: English

The American economy is in many ways uniquely unfettered. Nowhere else in the industrial world is it easier to set up a discount store, start a new airline, or shrink a payroll. But extensive economic deregulation has been matched by a burgeoning body of social law cracking down on business. From shareholder litigation and strict product liability to punitive environmental controls and workplace rules, entrepreneurs run a gauntlet of legal perils. The costs of this expanding and contentious agenda often exceed the value of its social benefits. The projected annual costs over benefits of the 1990 Clean Air Act, for instance, surpass the estimated value of U.S. exports blocked by all of Japan's known import restrictions. How sustainable is this situation amid the pressures of globalization? The contributors to this volume explore the question from a variety of perspectives.

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General Political Science