Intro -- Contents -- Preface -- Chapter 1. Condemned to Cooperate? -- 1. Introduction -- 2. Economic Interdependence, Transatlantic Cooperation, and Multilateralism -- 2.1. From economic interdependence to the Merkel Initiative -- 2.2. Economic interdependence and the case for transatlantic cooperation -- 2.3. The impact of transatlantic initiatives on the multilateral trading system, and vice versa -- 2.4. Transatlantic cooperation and cosmopolitan regulation -- 3. Contributions to this Volume -- 4. Concluding Remarks -- References -- Chapter 2. The Banking Crisis: Causes, Consequences and Remedies -- 1. The Basics of Banking -- 2. The Efficient Market Paradigm -- 3. Are Financial Markets Efficient? -- 3.1. Bubbles and crashes are endemic in financial markets -- 3.2. The mirage of self-regulation of financial markets -- 4. Unintended Consequences of Regulation -- 5. On Causes and Triggers -- 6. The Reaction of the Authorities -- 7. Short-term Solutions -- 8. Long-term Solutions: A Return to Narrow Banking -- 9. Conclusion -- References -- Chapter 3. The Political Economy of Transatlantic Regulatory Cooperation and Competition: A (Unofficial) View from Europe -- 1. Introduction -- 2. The New Transatlantic Economic Partnership: Hype or Hope? -- 3. New EU and a New World -- 4. Prospects for the New Transatlantic Agenda -- 5. Conclusion -- References -- Chapter 4. How Hard and Soft Law Interact in International Regulatory Governance: Alternatives, Complements and Antagonists -- 1. Introduction -- 2. The Canonical Literature on International Hard and Soft Law: Their Attributes as Alternatives and their Interaction as Complements -- 2.1. Definitions of hard and soft law -- 2.2. Advantages and disadvantages of hard and soft law as alternatives -- 2.3. Hard and soft law interaction as complements.

3. Theorizing International Hard and Soft Law Interaction: Power, Distributive Conflict and Regime Complexes -- 3.1. The EU, the US, and power in international regulatory governance -- 3.2. The challenge of distributive conflict -- 3.3. The challenge of fragmented regime conflicts -- 4. Hard and Soft Law Interaction as Antagonists -- 5. Hypotheses as to the Interaction of Hard and Soft Law Instruments -- 6. Conclusions -- References -- Chapter 5. EU-US Regulatory Cooperation and Developing Country Trade -- 1. Trade Policies -- 2. Market Access -- 3. Non-tariff Measures -- 3.1. Other sources of trade costs -- 3.2. Services policies -- 4. Reducing Regulatory Differences and Associated Cost Differentials -- 4.1. Trade costs vs. border barriers: Gravity simulations -- 4.2. Services -- 5. Policy Implications -- 6. Concluding Remarks -- References -- Chapter 6. Transatlantic Trade, the Automotive Sector: The Role of Regulation in a Global Industry, Where We Have Been and Where We Need to go, How Far Can EU-US Cooperation go Toward Achieving Regulatory Harmonization? -- 1. Globalization -- 2. Regulating a Global Industry -- 3. Example of Disparity - Surrogates for Humans in Crash Testing -- 4. Comparison of US and EU Safety Regulations -- 5. US-EU Market Competition and Manufacturer Cooperation -- 6. EU-US Cooperation - The Transatlantic Business Dialogue -- 6.1. Transatlantic automotive industry conference on international regulatory harmonization -- 7. International Harmonized Research Activities -- 7.1. Industry petitions for functional equivalence determinations -- 8. 1998 Agreement Administered by WP.29 -- 8.1. 1998 Agreement accomplishments and lessons learned -- 9. Discussion of Several GTR Efforts, Successes and Unsuccessful Outcomes to Date -- 9.1. Lighting installation GTR -- 9.2. Controls and displays GTR -- 9.3. Pedestrian protection GTR.

9.4. Electronic stability control (ESC) GTR -- 10. Summary of Global Technical Regulation Experience -- 11. An Additional Initiative: A Competitive Automotive Regulatory System for the 21st Century -- 12. Conclusion and Recommendations to Help Achieve Vision for the Future -- Chapter 7. Systemic Implications of Deeper Transatlantic Convergence in Competition/Antitrust Policy -- 1. Introduction -- 2. The Differing Historical Origins and Orientations of Competition Policy in the US and the EU, and the Process of Convergence Thus Far -- 2.1. The United States -- 2.2. The European Union -- 2.3. Recent indications of convergence: The adoption of more economics-based approaches in the EU -- 2.4. Possible Indications of Further Convergence: Antitrust Policy in the Obama Administration -- 3. The Need for Cooperation in Principle, and the Cooperation Arrangements that Have Been Implemented Thus Far in the Transatlantic Context -- 3.1. Rationales for cooperation in the competition policy field -- 3.2. Existing transatlantic cooperation arrangements -- 3.2.1. The 1991 US-EU Competition Cooperation Agreement -- 3.2.2. The 1998 US-EU Positive Comity Agreement -- 3.2.3. The Administrative Arrangement on Attendance (AAA) -- 3.2.4. The set of best practices on cooperation in merger cases -- 3.3. Use and effectiveness of the above arrangements -- 4. Are Current/Future Policy Conflicts Manageable Through Voluntary Cooperation/Convergence Alone? and What About the World Beyond the Transatlantic Zone? -- 4.1. Examples of US-EU policy clashes to date -- 4.1.1. The Boeing/McDonnel Douglas merger -- 4.1.2. The GE/Honeywell merger -- 4.1.3. The Microsoft cases -- 4.2. The broader global context -- 4.3. Summary observations -- 5. Concluding Remarks -- References -- Chapter 8. Transatlantic Regulatory Cooperation on Chemicals - An Idealist's Dream? -- 1. Introduction.

1.1. Some figures concerning transatlantic trade and investment in chemicals -- 2. The Chemical Industry's Input to Regulatory Cooperation: The Race against REACH within a Declining and Re-emerging TABD -- 2.1. Industry's input to TABD -- 2.2. Governments' Responses to the New TABD -- 2.3. New Industry Initiatives Towards Harmonization -- 3. Regulatory cooperation on chemicals in the context of the Transatlantic Economic Council -- 3.1. The Transatlantic Summit of 2007 and the Transatlantic Economic Council: The re-emergence of a political will to co-operate -- 3.2. REACH and cosmetics: A new transatlantic trade war? -- 3.2.1. Registration of existing substances -- 3.2.2. REACH and animal tests -- 3.3. The Globally Harmonized System - Harmonization of classification and labeling of chemicals? -- 3.4. Cooperation on chemicals within the OECD -- 4. Conclusions: How to Achieve a Barrier Free Transatlantic Market -- Chapter 9. Transatlantic Regulatory Cooperation on Accounting Standards: A 'Varieties of Capitalism' Perspective -- 1. The Puzzle: Successful Transatlantic Regulatory Cooperation on Accounting Standards -- 2. Convergence in Substantial Terms: A Variety of Capitalism Perspective on Accounting Standards -- 3. Convergence in Institutional Terms: From National Representation to the Rule of Experts -- 4. The Politics of Transatlantic Convergence on a US Regulatory Model -- 5. The Broader Picture: Towards Global Convergence on the Liberal Regulatory Model? -- 6. Conclusion -- References -- Chapter 10. Transatlantic Regulatory Competition and Cooperation in Pharmaceuticals -- 1. Introduction -- 2. Regulatory Differences in the United States and European Union -- 2.1. Snapshot of the US and EU industries -- 2.2. Competitive structure and challenges -- 2.3. Comparative regulatory systems -- 2.3.1. Drug approvals -- 2.3.2. Pricing regulations.

2.3.3. Intellectual property rights (IPRs) -- 3. Evolution of Regulatory Cooperation -- 3.1. Bilateral regulatory cooperation -- 3.2. Trilateral cooperation: The ICH -- 3.3. Intra-EU coordination -- 3.4. Cooperation in intellectual property rights -- 4. A Concluding Assessment -- References.

Key Features:Discusses the commercial, political and other factors that tend to induce the United States and the European Union to compete or to cooperate on regulatory matters, illuminated by both general principles and sector-specific experienceConsiders the consequences for other countries of transatlantic regulatory competition, and the identification and assessment of policy options available to the formerIncludes diverse viewpoints, with contributors from legal, economic and political science fields, and from academia, government and business sectors.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.