Environmental Regulations and Corporate Strategy
A NAFTA Perspective
Published on 19. August 1999
Book
Hardback
272 pages
978-0-19-829588-4 (ISBN)
Description
For many firms, the opening-up of trade barriers meant unwelcome exposure to tough international competition. In order to protect themselves, many turned to local and national environmental regulations, forming coalitions which enabled them to force out their opponents, even though they were often contravening international environmental agreements in doing so. With the recent emergence of international trade and environment regimes wielding substantial powers, however, comes the opportunity for outward-facing and innovative firms to utilize these regimes and so challenge the discriminatory obstacles which have been becoming ever more common.
This adherence to environmental regulations has promoted a broad array of corporate strategies; a fact most visible in North America where firms are making use of the North American Free Trade Agreement (NAFTA). In Environmental Regulations and Corporate Strategy, the authors develop a model of complex institutional responsiveness and demonstrate how this can guide firms through this new era of opportunities for international regulatory capture. They apply the model within North America, identifying the implications for Europe and Asia. Their work is based on 300 confidential interviews with senior executives and officials in North American and European companies, national governments, and North American institutions, and analyses 24 cases of firms who have either benefited or suffered from involvement with international institutions.
This adherence to environmental regulations has promoted a broad array of corporate strategies; a fact most visible in North America where firms are making use of the North American Free Trade Agreement (NAFTA). In Environmental Regulations and Corporate Strategy, the authors develop a model of complex institutional responsiveness and demonstrate how this can guide firms through this new era of opportunities for international regulatory capture. They apply the model within North America, identifying the implications for Europe and Asia. Their work is based on 300 confidential interviews with senior executives and officials in North American and European companies, national governments, and North American institutions, and analyses 24 cases of firms who have either benefited or suffered from involvement with international institutions.
Reviews / Votes
a refreshing, multi-disciplinary study that highlights the importance of firms, governments and international institutions in the regional and global marketplace * International Affairs, Vol.76 (1) * Rugman, Kirston, and Soloway have succeeded in presenting an informative study of the mechanics and outcomes of NAFTA * Academy of Management Executive * provides a unique overview of trade disputes based on environmental considerations, a valuable analytical framework for understanding such disputes, and useful advice for corporate strategists, governmental officials, and international organizations. Trade supporters and trade critics should set aside their ideologies and passions long enough to read Environmental Regulation and Corporate Strategy and to benefit from its lessons and insights * ASQ * the richness of their case studies and the thoroughness of their analyses make Environmental Regulations and Corporate Strategy a valuable guide to action in the new world of trade and environmental linkages * ASQ * tells a valuable story of international trade behaviour. Rugman, Kirton, and Soloway have succeeded in presenting an informative study of the mechanics and outcomes of NAFTA. * Jeffrey P. Katz, Academy of Management Exec. Nov.00. * Top managers should read this book to better understand the changing rules of international business. It would also be valuable reading for graduate students in international economics, strategy and law. * Jeffrey P. Katz, Academy of Management Exec. Nov.00. * pioneering work * Patricia Nelson, Harvard University, International Affairs, January 2000 * Three fascinating and highly detailed cases on fuel, agriculture and the automotive industry are analysed * Patricia Nelson, Harvard University, International Affairs, January 2000 * a refreshing, multi-disciplinary study that highlights the importance of firms, governments and international institutions in the regional and global marketplace * Patricia Nelson, Harvard University, International Affairs, January 2000 *More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Illustrations
2 figures, numerous tables
Dimensions
Height: 242 mm
Width: 163 mm
Thickness: 19 mm
Weight
544 gr
ISBN-13
978-0-19-829588-4 (9780198295884)
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Schweitzer Classification
Persons
Alan Rugman is Thames Water Fellow in Strategic Management, Templeton College, Oxford University. Previous positions have included Professor of International Business at Delhousie University (1980-87) and Professor of International Business at the University of Toronto (1987-98). He has also been a Visiting Scholar and a Visiting Professor at a number of international institutions.
Julie Soloway is a Fellow of the Centre for International Studies, University of Toronto. She is currently Research Coordinator for the NAFTA Trade and Environment project.
John Kirton is Associate Professor of Political Science, Research Associate of the Centre for International Studies, and Director of the G7 Research Group at the University of Toronto.
Julie Soloway is a Fellow of the Centre for International Studies, University of Toronto. She is currently Research Coordinator for the NAFTA Trade and Environment project.
John Kirton is Associate Professor of Political Science, Research Associate of the Centre for International Studies, and Director of the G7 Research Group at the University of Toronto.
Author
Fellow in Strategic ManagementFellow in Strategic Management, Templeton College, Oxford
Fellow of the Centre for International Studies, University of Toronto, and Research CoordinatorFellow of the Centre for International Studies, University of Toronto, and Research Coordinator, NAFTA Trade and Environment Project
Associate Professor of Political Science, Research Associate of the Centre for International Studies, and Director of the G7 Research GroupAssociate Professor of Political Science, Research Associate of the Centre for International Studies, and Director of the G7 Research Group, University of Toronto
Content
1. Introduction ; PART I: ECONOMIC AND CORPORATE STRATEGY ; 2. The Analytic Framework of Capture ; 3. Corporate Strategy and Environmental Regulation: Corporate Strategy Perspectives ; 4. Corporate Strategy and Environmental Regulation: Baptist/Bootlegger Coalitions ; R S5RT II: COMPLEX INSTITUTIONAL RESPONSIVENESS: NAFTA'S POLITICAL EXPERIENCE ; 5. Trade and Environment Institutions: The NAFTA Regime ; 6. Environmental Institutions in Action: The CEC ; 7. Firm Responses to Trade and Environment Regulation ; PART III: CASE STUDIES OF COMPLEX INSTITUTIONAL RESPONSIVENESS ; 8. MMT and Investment Dispute Settlement ; 9. The Agriculture Disputes ; 10. Trade and Environment Regimes in Operation: The North American Auto Industry ; PART IV: CONCLUSIONS ; 11. Implications for Firm Strategy and Public Policy ; Bibliography