Dale D. Murphy. "The Business Dynamics of Global Regulatory Competition." Dynamics of Regulatory Change: How Globalization Affects National Regulatory Policies. Ed. Robert Kagan & David Vogel. Berkeley, CA: University of California Press, 2002: 385
Firms face three options in response to global policy competition: relocate production (exit); shape policies to reflect the firm’s interests (voice); or accept whatever regulations come their way (loyalty, in expectation of other benefits). Government options are also threefold: deregulation, extraterritorial influence, protection. This article helps explain which occurs, and when.
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