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The New Global Rulers: The Privatization of Regulation in the World Economy

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Book colloquium examining the acclaimed title The New Global Rulers by Professors Tim Büthe and Walter Mattli.
Over the past two decades, governments have delegated extensive regulatory authority to international private-sector organizations. This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets, but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasks. The New Global Rulers examines who writes the rules in international private organizations, as well as who wins, who loses — and why. Büthe and Mattli offer both a new framework for understanding global private regulation and detailed empirical analyses of such regulation based on multi-country, multi-industry business surveys. They find that global rule making by technical experts is highly political, and that even though rule making has shifted to the international level, domestic institutions remain crucial.

Episode Information

People
Denis Galligan
Bettina Lange
Amir Paz-Fuchs
Frank Vibert
Max Watson
Keywords
law
justice
politics
economics
governments
power
corporations
Department: 
Date Added: 27/01/2014
Duration: 00:57:19

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