Explores several key issues of federal regulation that are likely to emerge as central to the health and growth of a globally competitive domestic economy in the 1990s: the use of market-type mechanisms to achieve environmental protection objectives; how much and what kind of competition should be permitted in the U.S. telecommunications market in a context of the globalization of world communications systems; what consideration should go into assessing the adequacy of the existing regulatory framework for the rapidly developing field of biotechnology research and development; and, the question of what new benefit requirements the federal government might impose on private companies and how the desirability of this approach versus more direct social provision of services should be assessed. This volume results from a new positive interest in how the federal government is regulating and what it is regulating as the U.S. economy-and its businesses, workers, and consumers-becomes increasingly more integrated into a broader world market for goods and services. Contributors: Carol Tucker Foreman; Maureen S. Steinbruner; Peter Kahn; Thomas O. McGarity; Daniel J.B. Mitchell; Paula Newberg; and Robert N. Stavins.