Summary
Contents
Subject index
In the wake of worldwide economic turmoil and efforts toward recovery, understanding the interdependence of government and business is more important than ever. In this thoroughly updated edition, Lehne takes a comparative approach, evaluating the U.S. political economy with respect to those of Great Britain, Germany, Japan, and the EU. The book provides detailed historical context for, and a conceptual understanding of, the business-government environment, and then clarifies the roles of the major actors and outlines the regulatory and policy frameworks. Along the way, Lehne probes some of the most crucial dilemmas facing government and business today. Updates to this edition include: • expanded coverage of ethics as it relates to government and business; • greater attention to China in particular in the feature boxes on developing nations; and • a look at relations between government and business at the subnational level. A comprehensive glossary and chapter summaries enhance student learning.
Antitrust and Competition Policy in the New Economy
Antitrust and Competition Policy in the New Economy
At the end of the 1990s, mergers among giant companies reached an unprecedented level.1 Behemoth mergers in the banking and petroleum industries, however, were then overshadowed by awesome combinations in the communications sector. America Online, the leading Internet service provider, acquired Time Warner, already the world's largest media company, in what was described as the biggest merger in U.S. history. Eight major telecom deals followed, creating two local telephone empires that each controlled one-third of the nation's phone lines. Verizon resulted from the fusion of Bell Atlantic, Nynex, and GTE, and SBC emerged from combining Ameritech, Pacific Telesis, and SBC Communications. SBC then sought to acquire AT&T's wireline phone ...
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