This work analyzes the evolution of "international policy regimes" affecting the development and management of international business. The authors explain the nature of international regimes, and show how the interlinked processes of global economic integration and multinational enterprise expansion make the development of regimes both inevitable and desirable. They then examine several major types of regimes currently in place, including those that have emerged from global or regional institutions such as the United Nations and the European Community, as well as those dealing with functional areas such as international trade and payments, sea and air transportation, and environmental issues. They conclude with an assessment of the critical similarities and differences among existing regimes, the most likely direction and scope of future regime development and the important implications of regime evolution for international management.
I. The Context of International Policy Regimes.- 1. Complex Linkages in the Global Economy.- 2. Trade and Investment Linkages.- 3. Multinational Enterprises in the Global Economy.- 4. International Regimes: Issues and Analysis.- II. International Regimes: Case Studies.- 5. Global and Comprehensive Regimes: The UN System.- 6. Regional and Associative Regimes.- 7. Trade, Exchange, and Investment Regimes.- 8. Sea and Air Transport Regimes.- 9. Environmental Regimes.- Epilogue: The Future of International Policy Regimes.- Appendices.- A. Proposed text of the draft UN code of conduct on transnational corporations.- B. Note on data and sources.- References.- C. Appendix tables.
'In conclusion, The Rules of the Game in the Global Economy is an important book that should be required reading for all students of international business. It opens up new vistas for research and enquiry into the future geopolitical arrangements that would envelop and direct international business and management both between and whitin MNEs and nation states.' Journal of Inter. Business Studies 1994