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The Next Step in Governance: The Need for Global Micro-Regulatory Frameworks in the Context of Expanding International Production

Karl P. Sauvant

Title:
The Next Step in Governance: The Need for Global Micro-Regulatory Frameworks in the Context of Expanding International Production
Author(s):
Sauvant, Karl P.
Date:
Type:
Chapters (layout features)
Department(s):
Law
Columbia Center on Sustainable Investment
Persistent URL:
Book/Journal Title:
Perspectives on Headquarters – Subsidiary Relationships in the Contemporary MNC
Geographic Area:
Developed countries
Developing countries
Book Author:
Ambos, Tina C.
Ambos, Bijorn
Birkinshaw, Julian
Publisher:
Emerald Group Publishing Limited
Publisher Location:
Bingley
Abstract:
While this chapter suggests that international micro-regulation is necessary, and that governments and other players have to attend to this need, more regulation – and that of a multilateral kind – is understandably controversial. The discussion below recognizes that sentiment, as shown in the section that sets out the advantages of the current ad hoc approach. The objective is to raise an issue -- more through examples than anything else -- rather than to offer full-fledged solutions or conclusions. Indeed, one of the points that require attention is precisely the trade-offs relating to the advantages and disadvantages of a government-led systematic approach leading to mandatory international instruments, on the one hand, and a market-driven ad hoc approach leading to voluntary international arrangements, on the other. In either case, though, the challenge is to adapt to the realities of a globalizing world economy and the integrated international production system that is at its core.
Subject(s):
Investments, Foreign--Law and legislation
Investments--Law and legislation
International business enterprises
Law and economics
Non-governmental organizations
Investments, Foreign
Law
Economics
United Nations
Item views
76
Metadata:
text | xml
Suggested Citation:
Karl P. Sauvant, , The Next Step in Governance: The Need for Global Micro-Regulatory Frameworks in the Context of Expanding International Production, Columbia University Academic Commons, .

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