1990, ISBN: 0815760868

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 exten… Plus…

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. U.S. policymakers frequently criticize the rest of the world for policies and practices that are said to constrict American commerce. Yet some trade disputes have been ignited by questionable rules made in the United States. Indeed, legal strictures have posed barriers to imports and possibly discouraged foreign investors, as well as interfered with some U.S. exports. At times the social regulatory regime has also stirred abrasive efforts to extend U.S. sanctions to foreign soil. Even if those frictions have been of minor consequences so far, inefficient legal and regulatory conventions exact a toll on U.S. accounting and finance,administrative law,business,business and investing,commercial,economic policy,economic policy and development,economics,exports and imports,international Accounting & Finance, Brookings Institution Press<

ISBN: 9780815760863

Pietro S. Nivola (Editor),Hardcover, English-language edition, Pub by Brookings Institution Press Books, Business & Economics~~International~~Economics, Comparative-Disadvantages~~Pietro-… Plus…

Pietro S. Nivola (Editor),Hardcover, English-language edition, Pub by Brookings Institution Press Books, Business & Economics~~International~~Economics, Comparative-Disadvantages~~Pietro-S-Nivola, 999999999, Comparative Disadvantages?: Social Regulations and the Global Economy, Pietro S. Nivola (Editor), 0815760868, Brookings Institution Press, , , , , Brookings Institution Press<