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Megaregulation ContestedGlobal Economic Ordering After TPP$
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Benedict Kingsbury, David M. Malone, Paul Mertenskötter, Richard B. Stewart, Thomas Streinz, and Atsushi Sunami

Print publication date: 2019

Print ISBN-13: 9780198825296

Published to Oxford Scholarship Online: July 2019

DOI: 10.1093/oso/9780198825296.001.0001

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

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

Chapter:
(p.269) 12 TPP’s Business Asymmetries: Megaregulation and the Conditions of Competition Between MNCs and SMEs
Source:
Megaregulation Contested
Author(s):

Dan Ciuriak

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198825296.003.0012

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.

Keywords:   small and medium-sized enterprises, SMEs, multinational corporations, heterogeneous firms, competition, preferential trade agreements, TPP, trade facilitation, authorized economic operators, trade

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