Regulation in comparative perspective

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Abstract
Structural changes in the world economy pose challenging new problems for comparative policy analysis. One such problem is the harmonization of domestic policies and institutions, which the Uruguay Round of GATT negotiations has identified as a key principle of international economic relations. Harmonization may mean the creation of a single policy space out of a number of distinct jurisdictions. It can also mean the adoption of common policy goals or general principles that national governments can pursue by different strategies. Comparative analysis can help in choosing the type of harmonization most appropriate in a given context. This article analyzes the development of harmonization strategies in the European Community/European Union. The European experience shows that far‐reaching economic integration can be achieved without suppressing cultural diversity and legitimate differences in national preferences.