Freer Markets, More Rules : : Regulatory Reform in Advanced Industrial Countries / / Steven K. Vogel.

• Superior document: Title is part of eBook package: De Gruyter Cornell University Press Archive Pre-2000
• VerfasserIn: Vogel, Steven K.,
• Place / Publishing House: Ithaca, NY : : Cornell University Press, , [2018]; ©1998
• Year of Publication: 2018
• Language: English
• Series: Cornell Studies in Political Economy
• Physical Description: 1 online resource (312 p.) :; 1 drawing, 1 chart/graph, 14 tables

Over the past fifteen years, the United States, Western Europe, and Japan have transformed the relationship between governments and corporations. The changes are complex and the terms used to describe them often obscure the reality. In Freer Markets, More Rules, Steven K. Vogel dispenses with euphemisms and makes sense of this recent transformation. In defiance of conventional wisdom, Vogel contends that the deregulation revolution of the 1980s and 1990s never happened. The advanced industrial countries moved toward liberalization or freer markets at the same time that they imposed reregulation or more rules. Moreover, the countries involved did not converge in regulatory practice but combined liberalization and reregulation in markedly different ways. The state itself, far more than private interest groups, drove the process of regulatory reform. Thus, the story of deregulation is one rich in paradox: a movement aimed at reducing regulation increased it; a movement propelled by global forces reinforced national differences; and a movement that purported to reduce state power was led by the state itself. Vogel's astute and far-reaching analysis compares deregulation in Britain and Japan, with special attention to the telecommunication and financial services industries. He also considers such important sectors as broadcasting, transportation, and utilities in the United States, France, and Germany.

Table of Contents

Frontmatter -- Contents -- Acknowledgments -- INTRODUCTION -- PART I THE FORCES FOR CHANGE -- CHAPTER ONE. Understanding Regulatory Reform -- CHAPTER TWO. Why Change the Rules ? -- CHAPTER THREE. The United Kingdom and Japan: Two Paths to Regulatory Reform -- PART II REGULATORY REFORM IN THE UNITED KINGDOM -- CHAPTER FOUR. Telecommunications: The Creation of Competition -- CHAPTER FIVE. Financial Services: The Big Bang and the Proliferation of Rules -- CHAPTER SIX. Regulatory Reform British Style: The Separation of Regulatory Powers -- PART III REGULATORY REFORM IN JAPAN -- CHAPTER SEVEN. Telecommunications: Reregulation with a Vengeance -- CHAPTER EIGHT. Financial Services: The Ministry of Finance and the Perpetual Bargain -- CHAPTER NINE. Regulatory Reform Japanese Style: The Strategy Behind Slowness -- PART IV THE POLITICS OF REGULATORY REFORM -- CHAPTER TEN. Other Countries: The Many Roads to Reregulation -- CHAPTER ELEVEN. The Irony of State-Led Deregulation -- References -- Index