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      Megaregulation Contested 

      TPP’s Business Asymmetries: Megaregulation and the Conditions of Competition Between MNCs and SMEs

      Oxford University Press

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          Abstract

          Megaregulation promises a seamless operating environment to facilitate international engagement by firms large and small. However, it also entails fixed costs of access to preferential trade windows, trade facilitation mechanisms, and consultative mechanisms, which weigh more heavily on small and medium-sized enterprises (SMEs) than on larger competitors, and features other asymmetries that play to the advantage of the already large, established firms. This chapter takes up the question of whether pro-SME measures built into megaregional agreements can effectively offset these biases and promote conditions of competition both internationally and domestically that enhance business dynamism or whether it reinforces observed trends toward greater concentration and waning business dynamism.

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          Book
          9780198825296
          9780191864001
          June 06 2019
          July 18 2019
          Book Chapter
          June 06 2019
          July 18 2019
          : 269-288
          10.1093/oso/9780198825296.003.0012

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