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Private Global Regulation

其他書名	The Politics of Setting Standards for International Product and Financial Markets
出版	SSRN, 2013
URL	http://books.google.com.hk/books?id=2t_bzwEACAAJ&hl=&source=gbs_api

註釋Divergent national standards often inhibit trade in goods and services. Consequently, the setting of international standards is rapidly becoming an issue of considerable economic and political salience. But who sets international standards? Who wins, who loses? Building on previous studies we have done, we are presenting in this paper a first general theory of international regulatory processes that take place in non-governmental institutional settings. Largely overlooked in IPE, these processes have moved to center-stage of global regulation as states have delegated ever-greater regulatory authority to transnational non-governmental bodies. Our theory provides a comprehensive account of how domestic or regional institutional features of private-sector groups systematically shape the politics of global regulation. We test a series of propositions on data collected by us through international business surveys over the last six years, covering both product and financial markets. We conclude by highlighting the challenges to global due process and democratic governance identified by our research.