The New Global Rulers : The Privatization of Regulation in the World Economy / Walter Mattli, Tim Büthe.

Format:

Book

Author/Creator:

Büthe, Tim, author.

Mattli, Walter, author.

Language:

English

Subjects (All):

Complementarity (International law).

Standardization--International cooperation.

Standardization.

International finance.

Foreign trade regulation.

Commercial policy--International cooperation.

Commercial policy.

Genre:

Electronic books.

Physical Description:

1 online resource (320 p.)

Edition:

Core Textbook

Place of Publication:

Princeton, NJ : Princeton University Press, [2011]

Language Note:

English

Summary:

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. Tim Büthe and Walter Mattli examine three powerful global private regulators: the International Accounting Standards Board, which develops financial reporting rules used by corporations in more than a hundred countries; and the International Organization for Standardization and the International Electrotechnical Commission, which account for 85 percent of all international product standards. 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. Influence in this form of global private governance is not a function of the economic power of states, but of the ability of domestic standard-setters to provide timely information and speak with a single voice. Büthe and Mattli show how domestic institutions' abilities differ, particularly between the two main standardization players, the United States and Europe.

Contents:

Frontmatter

Contents

Illustrations and Tables

Acronyms

Acknowledgments

Chapter One. The Rise of Private Regulation in the World Economy

Chapter Two. Private Nonmarket Rule-Making in Context

Chapter Three. Institutional Complementarity Theory

Chapter Four. Private Regulators in Global Financial Markets

Chapter Five. The Politics of Setting Standards for Financial Reporting

Chapter Six. Private Regulators in Global Product Markets

Chapter Seven. The Politics of Nuts and Bolts-and Nanotechnology

Chapter Eight. Contributions to the Theoretical Debates in Political Science, Sociology, Law, and Economics

Chapter Nine. Conclusions and Implications for Global Governance

Appendix one. Financial Reporting Standards Survey

Appendix two Product Standards Survey

Appendix three. Survey Methods

References

Index

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [249]-288) and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

ISBN:

9786613013378

9781283013376

1283013371

9781400838790

1400838797

OCLC:

705944519