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

BÜTHE, Tim and Walter Mattli

ISBN 10: 0691144796 / ISBN 13: 9780691144795

Published by Princeton University Press, Princeton, 2011

About this Item

First edition. Tall octavo. 301pp. Illustrated with charts and graphs. Fine in fine dust jacket.

Seller Inventory # 531770

Bibliographic Details

• Title: The New Global Rulers: The Privatization of Regulation in the World Economy
• Publisher: Princeton University Press, Princeton
• Publication Date: 2011
• ISBN 10: 0691144796
• ISBN 13: 9780691144795
• Binding: Hardcover
• Edition: 1st Edition
• Condition: Fine
• Dust Jacket Condition: Fine

About this title

Synopsis

Global private regulations―who wins, who loses, and why

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.

About the Author

Tim Büthe is associate professor of political science and a senior fellow of the Rethinking Regulation Center at Duke University. Walter Mattli is professor of international political economy and a fellow of St. John's College, University of Oxford. His books include The Politics of Global Regulation (Princeton).