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A Global Perspective on Current Regulatory Reforms: Rejection, Relocation, or Reinvention?

Alfred C. Aman, Jr.
Indiana Journal of Global Legal Studies
Vol. 2, No. 2, Symposium: Law in Place: Territorial Politics and the Production of Alternative Legal Imaginations (Spring, 1995), pp. 429-464
Published by: Indiana University Press
Stable URL: http://www.jstor.org/stable/20644596
Page Count: 36
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A Global Perspective on Current Regulatory Reforms: Rejection, Relocation, or Reinvention?
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Abstract

Dean Alfred Aman's article addresses recent U.S. administrations' attempts at regulatory reform and notes that as far as the actual reforms are concerned, there are more similarities over time than differences. The globalization of politics and markets and manufacturing, in particular, has helped create global political economic forces that militate in favor of various forms of deregulation and privatization not only in the United States, but in other western democracies as well. Dean Aman focuses on the United States, noting that globalization has reduced the effectiveness of local and national regulators, especially since firms are increasingly free to choose where to locate plants and employ labor. He considers the Reagan, Bush, and Clinton administrations' market-oriented regulatory reforms, and explains their similarities and continuities in terms of the ways in which modern nation-states cope with and seek to remain competitive in the global economy. He notes some important differences among these administrations, however, and argues that reformers who advocate market approaches as a means to collective ends, rather than as ends in themselves, are likely to be more receptive to the development of new global legal regimes.

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