The Global Perspective

Thomas Nelson Tunstall

Chapter Chapter 6 in Outsourcing and Management, 2007, pp 117-132 from Palgrave Macmillan

Abstract: Abstract Markets cannot substitute for government. Each has a role to play. Tension often exists between them because we again find that it is often tough to draw the boundaries. The strain between the two remains a function of the rules of the game. Some rules are inviolable. Some can be bent. Some are merely conventions that often get broken. The efficient use of contracts that can provide predictable enforcement mechanisms require more than a market. It requires a legal environment conducive to contracting and fair play. In short, it requires a system based on rules.

Keywords: Comparative Advantage; Global Perspective; Organizational Hierarchy; Home Firm; High Education Opportunity (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230603608_6

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