Freer Markets, More Rules: Regulatory Reform in Advanced Industrial Countries (Cornell Studies in Political Economy)

Rating:
Summary: Excellent analysis of the new era of regulation.
Review: Vogel tackles the paradox that, as the neo-liberal revolution sweeps through world markets, new forms of regulation are called for to avoid the excesses of unfettered global competition.

He draws his empirical evidence primarily from the UK (a key country) and Japan (which is still resisting full liberalization) - while also focussing on the telecoms and financial services sectors.

He has a chapter analysing developments in all the other key economies.

Although it would have been good if he could have given developments in the USA as much space as he gives the UK and Japan, there is enough material in this rich book to satisfy anyone interested in the relationship between economic liberalization and new regulatory needs.