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Narrowing the Channel

The Politics of Regulatory Protection in International Trade

Robert Gulotty

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Paperback

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University of Chicago Press
26 May 2020
Central government policies; International relations; Trade agreements; Political economy; International law
While large, multinational corporations have supported the removal of tariffs, behind the scenes these firms have fought for protection in the form of product regulations, including testing, labeling, and registration requirements. Unlike tariffs, these regulations can raise fixed costs, excluding smaller firms from the market and shifting profits toward global giants. Narrowing the Channel demonstrates that globalization and globalized firms can paradoxically hinder rather than foster economic cooperation as larger firms seek to protect their markets through often unnecessarily strict product regulations. To illustrate the problem of regulatory protectionism, Robert Gulotty offers an in-depth analysis of contemporary rulemaking in the United States and the European Union in the areas of health, safety, and environmental standards. He shows how large firms seek regulatory schemes that disproportionately disadvantage small firms. When multinationals are embedded in the local economy, governments too have an incentive to use these regulations to shift profits back home. Today, the key challenge to governing global trade is not how much trade occurs but who is allowed to participate, and this book shows that new rules will be needed to allow governments to widen the benefits of global commerce and avoid further inequality and market concentration.
By:   Robert Gulotty
Imprint:   University of Chicago Press
Country of Publication:   United States
Dimensions:   Height: 228mm,  Width: 152mm,  Spine: 12mm
Weight:   361g
ISBN:   9780226669366
ISBN 10:   022666936X
Series:   Chicago Series on International and Domestic Institutions
Pages:   240
Publication Date:   26 May 2020
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Unspecified

Robert Gulotty is assistant professor of political science at the University of Chicago.

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