Büthe / Mattli The New Global Rulers

The Privatization of Regulation in the World Economy
Core Textbook
ISBN: 978-1-4008-3879-0
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 320 Seiten

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.

Autoren/Hrsg.

Büthe, Tim

Mattli, Walter

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Globalisierung
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Betriebliches Rechnungswesen

Inhaltsverzeichnis

List of Illustrations and Tables ix

List of Acronyms xiii

Acknowledgments xv

Chapter One: The Rise of Private Regulation in the World Economy 1

Chapter Two: Private Nonmarket Rule-Making in Context A Typology of Global Regulation 18

Chapter Three: Institutional Complementarity Theory 42

Chapter Four: Private Regulators in Global Financial Markets Institutional Structure and Complementarity in Accounting Regulation 60

Chapter Five: The Politics of Setting Standards for Financial Reporting 99

Chapter Six: Private Regulators in Global Product Markets Institutional Structure and Complementarity in Product Regulation 126

Chapter Seven: The Politics of Nuts and Bolts- and Nanotechnology ISO and IEC Standard-Setting for Global Product Markets 162

Chapter Eight: Contributions to the Theoretical Debates in Political Science, Sociology, Law, and Economics 192

Chapter Nine: Conclusions and Implications for Global Governance 214

Appendix 1: Financial Reporting Standards Survey

Additional Survey Results 227

Appendix 2: Product Standards Survey Additional Survey Results 234

Appendix 3: Survey Methods 238

References 249

Index 289

Über Autor(innen)

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).