The Politics of Global Regulation
Published on 17. May 2009
Book
Hardback
312 pages
978-0-691-13960-9 (ISBN)
Description
Regulation by public and private organizations can be hijacked by special interests or small groups of powerful firms, and nowhere is this easier than at the global level. In whose interest is the global economy being regulated? Under what conditions can global regulation be made to serve broader interests? This is the first book to examine systematically how and why such hijacking or 'regulatory capture' happens, and how it can be averted. Walter Mattli and Ngaire Woods bring together leading experts to present an analytical framework to explain regulatory outcomes at the global level and offer a series of case studies that illustrate the challenges of a global economy in which many institutions are less transparent and are held much less accountable by the media and public officials than are domestic institutions. They explain when and how global regulation falls prey to regulatory capture, yet also shed light on the positive regulatory changes that have occurred in areas including human rights, shipping safety, and global finance.
This book is a wake-up call to proponents of network governance, self-regulation, and the view that technocrats should be left to regulate with as little oversight as possible. In addition to the editors, the contributors are Kenneth W. Abbott, Samuel Barrows, Judith L. Goldstein, Eric Helleiner, Miles Kahler, David A. Lake, Kathryn Sikkink, Duncan Snidal, Richard H. Steinberg, and David Vogel.
This book is a wake-up call to proponents of network governance, self-regulation, and the view that technocrats should be left to regulate with as little oversight as possible. In addition to the editors, the contributors are Kenneth W. Abbott, Samuel Barrows, Judith L. Goldstein, Eric Helleiner, Miles Kahler, David A. Lake, Kathryn Sikkink, Duncan Snidal, Richard H. Steinberg, and David Vogel.
Reviews / Votes
"Special Recognition for the 2010 Levine Prize, Research Committee on the Structure of Governance, International Political Science Association" "The Politics of Global Regulation makes a significant contribution to this field of research, focusing on global regulatory changes in different policy areas. . . . The book provides a well-structured and coherent set of contributions that focus on the difficulties faced by supranational regimes in avoiding regulatory capture at the global level."---Jacint Jordana, Governance "This impressive new volume demonstrates some of the best new thinking on global regulation and the ways in which the context and process of policy making affect the rules, standards and institutions that increasingly govern people's lives. Walter Mattli and Ngaire Woods provide the analytical centrepiece of the volume, which seeks to explain which interests are likely to be represented in global regulation. . . . Thanks to this impressive volume, future work in this area will no doubt have a richer analytical grounding than before."---Kevin Young, Global Policy "The recent global financial crisis and recession have forced the issue of financial regulation to the top of the international political agenda. The current economic difficulties may provide the world with a one-in-a generation opportunity to formulate a set of constructive rules for the century's economy. The book deals with the general issue of how regulatory regimes are created and evolve. . . . What a joy to find an edited volume in which the constituent chapters actually fit together in a coherent whole. . . . All of the chapters refer back to the basic constructs presented in the opening theoretical piece--a rarity in this kind of work. The book is thus highly recommended to both experts in the field and neophytes."---Joel Campbell, International Affairs "[This book] . . . is likely to make a significant impact on the field of international political economy."---Tim Dunne, Times Higher EducationMore details
Language
English
Place of publication
New Jersey
United States
Target group
College/higher education
Professional and scholarly
Product notice
Trade binding
Illustrations
12 line illus. 3 tables.
Dimensions
Height: 235 mm
Width: 152 mm
Weight
539 gr
ISBN-13
978-0-691-13960-9 (9780691139609)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Classification
Persons
Walter Mattli is professor of international political economy and a fellow of St. John's College, University of Oxford. Ngaire Woods is professor of international political economy and director of the Global Economic Governance Programme at Oxford.
Content
List of Figures and Tables vii Introduction ix CHAPTER ONE: In Whose Benefit? Explaining Regulatory Change in Global Politics by Walter Mattli and Ngaire Woods 1 CHAPTER TWO: The Governance Triangle: Regulatory Standards Institutions and the Shadow of the State by Kenneth W. Abbott and Duncan Snidal 44 CHAPTER THREE: Filling a Hole in Global Financial Governance? The Politics of Regulating Sovereign Debt Restructuring by Eric Helleiner 89 CHAPTER FOUR: From State Responsibility to Individual Criminal Accountability: A New Regulatory Model for Core Human Rights Violations by Kathryn Sikkink 121 CHAPTER FIVE: The Private Regulation of Global Corporate Conduct by David Vogel 151 CHAPTER SIX: Racing to the Top ... at Last: The Regulation of Safety in Shipping by Samuel Barrows 189 CHAPTER SEVEN: Regulatory Shift: The Rise of Judicial Liberalization at the WTO by Judith L. Goldstein and Richard H. Steinberg 211 CHAPTER EIGHT: Economic Integration and Global Governance: Why So Little Supranationalism? By Miles Kahler and David A. Lake 242 List of Contributors 277 Index 279