The Rules of the Game in the Global Economy

Policy Regimes for International Business

  • Lee E. Preston
  • Duane Windsor

Table of contents

  1. Front Matter
    Pages i-xix
  2. The Context of International Policy Regimes

    1. Front Matter
      Pages 1-1
    2. Lee E. Preston, Duane Windsor
      Pages 3-13
    3. Lee E. Preston, Duane Windsor
      Pages 15-28
    4. Lee E. Preston, Duane Windsor
      Pages 29-62
  3. International Regimes: Case Studies

    1. Front Matter
      Pages 63-63
    2. Lee E. Preston, Duane Windsor
      Pages 65-86
    3. Lee E. Preston, Duane Windsor
      Pages 87-122
    4. Lee E. Preston, Duane Windsor
      Pages 123-146
    5. Lee E. Preston, Duane Windsor
      Pages 147-166
    6. Lee E. Preston, Duane Windsor
      Pages 167-180
    7. Lee E. Preston, Duane Windsor
      Pages 181-203
    8. Lee E. Preston, Duane Windsor
      Pages 205-221
  4. Back Matter
    Pages 223-259

About this book

Introduction

The subject of this study is the way that finns, industries, and nations organize their relationships with one another in order to engage in international business. To the casual observer, the processes of buying and selling, borrowing and lending, investing and receiving investment returns may seem much the same, whether they occur within a single country or between and among businesses in different political jurisdictions. In fact, however, business contacts between firms or individuals in different coun­ tries are significantly different from their domestic counterparts. Not only do international buyers and sellers, borrowers and lenders, investors and earnings recipients often use different languages and currencies, they also frequently operate under different basic rules governing contracts, accounting practices, and dispute-settlement arrangements; and they are subject to different tax systems. Most important, they may require explicit pennission, or at least facilitating arrangements, from their respective governments in order to engage in any economic contact whatsoever. It may well be that, as Adam Smith believed, there is "a certain propensity in human nature . . . to truck, barter, and exchange one 1, p. 17); but the fact is that most im­ thing for another" (1776, vol. portant markets and business relationships do not simply appear and evolve as natural phenomena. In fact, they are created by human effort and are highly organized, and international business relationships are the most highly organized of all.

Keywords

accounting communication economy environment Global economy International Business Investment Nation nature service trade

Authors and affiliations

  • Lee E. Preston
    • 1
  • Duane Windsor
    • 2
  1. 1.University of MarylandUSA
  2. 2.Rice UniversityUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-94-011-5354-6
  • Copyright Information Kluwer Academic Publishers 1997
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-0-7923-9888-2
  • Online ISBN 978-94-011-5354-6
  • About this book
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