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Book review: Colette Henry(ed.), Entrepreneurship in the creative industries: An international perspective. Cheltenham, UK and Northampton, US: Edward Elgar, 2007. 224 pp: 9781845426101, £59.95 (hbk)

Second, compliance costs are perceived in static terms yet, arguably, they are better defined as a dynamic force motivating businesses to adapt business practices. To treat costs statically presupposes businesses live with any additional costs but do nothing to mitigate any adverse effects. More plausibly, businesses are likely to take action to cut costs and/or increase sales as a response to higher compliance costs. Would businesses deal with other external shocks – for example, higher input costs – in the same way? Estimates of compliance costs and their impact on national GDP neglect these dynamic influences. Overall, the book adds to our understanding of regulatory policy and its recent cross-national diffusion but a more critical perspective is required to provide a deeper understanding of how regulation influences economic activity. The focus on static costs, and its accompanying treatment of regulation as constraining, but not enabling, limits the approach and its analysis of the impact of regulatory compliance on business and national economic performance.