From the Firm to Economic Integration
Chapter 6: World regulations and harmonization
It is often considered that the globalization of economic activities should go with a so-called “globalization of policies” or, more precisely, that globalization should need a counter-balancing power in increased worldwide regulations and harmonization of policies. In fact, many people have now accepted trade liberalization on the one hand and deregulation on a national basis on the other hand (in countries where it has occurred). They have noticed that trade liberalization is beneficial, as far as consumers can get a larger choice and lower prices. Meanwhile, the development of internet and of e-business contributes to the acceptance of a worldwide perspective and to the awareness that markets are international.
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