Abstract
In this chapter, we will look more closely at the possible factors behind regulatory changes. After a short methodological note, we will focus particularly on the arguments and developments connected to economic globalization as the overarching driver of change. Although in reality globalization can be assumed to come to life through a mutual constitution of both markets and governments, there are clearly certain evolutionary traits independent of government or ‘freed’ from government through liberalization that form the constitutive force for institutional adjustment. We understand globalization as the growing interconnectedness of markets, which allows efficiency improvements in the allocation of resources mostly due to falling transaction costs.
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© 2008 Jochen Zimmermann, Jörg R. Werner and Philipp B. Volmer
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Zimmermann, J., Werner, J.R., Volmer, P.B. (2008). The Weakened Nation State: Economic Globalization and Regime Convergence. In: Global Governance in Accounting. Transformations of the State. Palgrave Macmillan, London. https://doi.org/10.1057/9780230582866_8
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DOI: https://doi.org/10.1057/9780230582866_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-35579-2
Online ISBN: 978-0-230-58286-6
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