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Journal of International Economic Law 2000 3(2):257-264; doi:10.1093/jiel/3.2.257
© 2000 by Oxford University Press
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Regulatory competition or regulatory harmonization? A silly question?

AO Sykes

University of Chicago, The University of Chicago Law School, 1111 East 60th Street, Chicago, IL 60637, USA E-mail: alan_sykes@law.uchicago.edu

The debate over 'competition versus harmonization' in regulatory policy often confuses the pertinent alternatives. This comment argues that neither pure regulatory competition nor complete regulatory harmonization is desirable or feasible where important international cross-border effects of regulation arise. Instead, a considerable degree of cooperation is almost always needed, yet non-homogeneity of regulatory policies is almost always desirable as well. This proposition holds virtually regardless of the subject matter of regulation.


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