The International Expansion of the US-Style Digital Commerce Regulations:The Driving Force of Transnational Companies
In recent years,the US-style digital commercial regulations have been widely incorporated into free trade agreements around the globe.The international diffusion of these rules has become a significant economic phenomenon,the drivers of which are important to explore.Existing research and case studies suggest that enterprises are crucial actors influencing the negotiations of free trade agreements between countries.This article argues that the US multinational corporations are pushing the international diffusion of the US-style digital commercial regulations.Using a dataset with a global sample spanning 2000 to 2021,this article conducts an empirical examination of the impact of the number of digital cross-border mergers and acquisitions(M&As)by the US companies on the acceptance of the US-style digital commercial regulations in those countries.It finds that as the number of digital M&As by the US companies increase,the acceptance of the US-style digital commercial regulations by host countries also rises significantly.This effect is particularly pronounced in Asia-Pacific and Europe,in high-income and upper-middle-income countries,and has been evident primarily since 2007.
US-Style Digital Commerce RegulationsInternational ExpansionMultinational CorporationsDigital Commerce
万方数据
维普
