Sept. 1, 2022

Thesaurus : Doctrine

BENZONI, Laurent🕴️

📝Commerce international, compétitivité des entreprises et souveraineté : vers une économie politique de la Compliance, in 🕴️M.-A. Frison-Roche (dir.), 📕Les Buts Monumentaux de la Compliance

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â–ş Full Reference: L. Benzoni, "Commerce international, compĂ©titivitĂ© des entreprises et souverainetĂ© :  vers une Ă©conomie politique de la compliance" ("International trade, competitivity and sovereignty: towards a political economy of compliance"), in M.-A. Frison-Roche (ed.), Les Buts Monumentaux de la Compliance, coll. "RĂ©gulations & Compliance", Journal of Regulation & Compliance (JoRC) and Dalloz, 2022, p. 453-466.

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đź“•read a general presentation of the book, Les Buts Monumentaux de la Compliance, in which this article is published

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â–ş Summary of the article (done by the Journal of Regulation & Compliance): The author begins his reflection by stating that nations exist through their differentiations, basis of international trade and their possible competition, but that they also exist through their sovereignty, which depends on their capacity not to depend, which specialisation can lead to. Today, the question is more than ever asked. The author believes that the Monumental Goals of Compliance are to preserve the compatibility between the international competitiveness of companies and the ability to assume sovereignty in international trade under a free trade regime. The old mercantilist doctrine based a nation's wealth on its independence, for example on gold, and it was only at the end of the 18th century that trade itself, especially international trade, presented independence as the source of wealth, making sovereignty disappear in the general theory of free trade, soon to be omnipresent and institutionalised by the WTO. But the emergence of Compliance, with its links to corporate environmental, climatic and social responsibility, and the extraterritoriality naturally attached to it, leads to a reconsideration of this principle, with the principle of sovereignty resurfacing. The author then suggests a "climato-mercantilisme" ("climato-mercantilism") that directly involves companies and third parties in a new economic policy, of which Compliance would be a pillar.

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