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

Overview

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 ...

See more details below
Other sellers (Hardcover)
  • All (13) from $17.77   
  • New (8) from $21.65   
  • Used (5) from $17.77   
The New Global Rulers: The Privatization of Regulation in the World Economy

Available on NOOK devices and apps  
  • NOOK Devices
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK Study
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook - Core Textbook)
$13.99
BN.com price
(Save 43%)$24.95 List Price

Overview

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.

Read More Show Less

Editorial Reviews

Choice

This interesting book about an overlooked subject has a misleading title. The global rulers in question are relatively anonymous nongovernmental groups that set international standards. Business exerts its power, both directly and through government, in selecting and influencing the rule makers. The rules help to determine winners and losers in the marketplace, as well as the public welfare. These rules also provide advantages to specific countries and regions. At a time when government regulation has fallen out of favor, the power of these unaccountable nongovernmental authorities deserves the closer scrutiny that this book provides.
Choice
This interesting book about an overlooked subject has a misleading title. The global rulers in question are relatively anonymous nongovernmental groups that set international standards. Business exerts its power, both directly and through government, in selecting and influencing the rule makers. The rules help to determine winners and losers in the marketplace, as well as the public welfare. These rules also provide advantages to specific countries and regions. At a time when government regulation has fallen out of favor, the power of these unaccountable nongovernmental authorities deserves the closer scrutiny that this book provides.
Comparative Political Studies
[The New Global Rulers] is an example of first-rate research that offers thick descriptions, compelling theory, and convincing empirical results. The authors have done a masterful job in expanding our knowledge and understanding of globalization, and the book deserves to be widely read.
— John Doces
Book Notes
Opening the 'black box' of private rule-making, [Büthe and Mattli] seek to analyze 'who writes the rules in international private organizations, as well as who wins, who loses—and why.' They dispute claims that international standardization is an apolitical scientific process, bringing to the fore the often under-appreciated political nature of so-called technical activities.
Superscript
The authors 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.
Accounting Review
Their comprehensive survey provides compelling evidence of their theory and invaluably enhances our understanding of international standard setting. . . . The authors can . . . take credit for having developed a convincing theory on the main drivers of power within this specific and widespread phenomenon of global ruling. The book is, without a doubt, highly recommended. While it is primarily intended for scholars, it provides very interesting insights for anyone interested in how global standard setting works, in its historical, political, and socio economic background, and in its significance for global governance in general.
— Matthias Schmidt
Books and Ideas
[A] serious and searching [account] of the importance of rules and of the ways rules are made for the workings of the economy and for political and social life generally.
— Martin Albrow
Canadian Business
[The New Global Rulers] examines the wide and growing range of international, private (i.e., non-governmental) standards being set by groups like the IEC, ISO, and IASB. As Büthe and Mattli point out, such standards are a double-edged sword. . . . It seems appropriate, at this juncture . . . to give some serious and well-informed thought to the desirability of regulatory regimes that are both non-governmental and international.
— Chris MacDonald
Political Science Quarterly
[T]his is an original piece of research on a timely subject using under-utilized but necessary methods that should prove useful to academics and regulators alike.
— Anastasia Xenias
Comparative Political Studies - John Doces
[The New Global Rulers] is an example of first-rate research that offers thick descriptions, compelling theory, and convincing empirical results. The authors have done a masterful job in expanding our knowledge and understanding of globalization, and the book deserves to be widely read.
Accounting Review - Matthias Schmidt
Their comprehensive survey provides compelling evidence of their theory and invaluably enhances our understanding of international standard setting. . . . The authors can . . . take credit for having developed a convincing theory on the main drivers of power within this specific and widespread phenomenon of global ruling. The book is, without a doubt, highly recommended. While it is primarily intended for scholars, it provides very interesting insights for anyone interested in how global standard setting works, in its historical, political, and socio economic background, and in its significance for global governance in general.
Books and Ideas - Martin Albrow
[A] serious and searching [account] of the importance of rules and of the ways rules are made for the workings of the economy and for political and social life generally.
Canadian Business - Chris MacDonald
[The New Global Rulers] examines the wide and growing range of international, private (i.e., non-governmental) standards being set by groups like the IEC, ISO, and IASB. As Büthe and Mattli point out, such standards are a double-edged sword. . . . It seems appropriate, at this juncture . . . to give some serious and well-informed thought to the desirability of regulatory regimes that are both non-governmental and international.
Political Science Quarterly - Anastasia Xenias
[T]his is an original piece of research on a timely subject using under-utilized but necessary methods that should prove useful to academics and regulators alike.
Swiss Political Science Review - Christian Brandli
By providing the first systematic and most comprehensive analysis of key private institutions in regulation, the authors do a masterful job. Hence, the book deserves to be widely read by scholars of globalisation and international regulation. Furthermore, by refraining using too much academic jargon, it makes the topic of private regulation, with its important social and economic consequences, also accessible to a broad audience.
From the Publisher
Winner of the 2012 International Studies Association's Best Book Award

"[The New Global Rulers] is an example of first-rate research that offers thick descriptions, compelling theory, and convincing empirical results. The authors have done a masterful job in expanding our knowledge and understanding of globalization, and the book deserves to be widely read."—John Doces, Comparative Political Studies

"Their comprehensive survey provides compelling evidence of their theory and invaluably enhances our understanding of international standard setting. . . . The authors can . . . take credit for having developed a convincing theory on the main drivers of power within this specific and widespread phenomenon of global ruling. The book is, without a doubt, highly recommended. While it is primarily intended for scholars, it provides very interesting insights for anyone interested in how global standard setting works, in its historical, political, and socio economic background, and in its significance for global governance in general."—Matthias Schmidt, Accounting Review

"This interesting book about an overlooked subject has a misleading title. The global rulers in question are relatively anonymous nongovernmental groups that set international standards. Business exerts its power, both directly and through government, in selecting and influencing the rule makers. The rules help to determine winners and losers in the marketplace, as well as the public welfare. These rules also provide advantages to specific countries and regions. At a time when government regulation has fallen out of favor, the power of these unaccountable nongovernmental authorities deserves the closer scrutiny that this book provides."—Choice

"Opening the 'black box' of private rule-making, [Büthe and Mattli] seek to analyze 'who writes the rules in international private organizations, as well as who wins, who loses—and why.' They dispute claims that international standardization is an apolitical scientific process, bringing to the fore the often under-appreciated political nature of so-called technical activities."—Book Notes

"The authors 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."—Superscript

"[A] serious and searching [account] of the importance of rules and of the ways rules are made for the workings of the economy and for political and social life generally."—Martin Albrow, Books and Ideas

"[The New Global Rulers] examines the wide and growing range of international, private (i.e., non-governmental) standards being set by groups like the IEC, ISO, and IASB. As Büthe and Mattli point out, such standards are a double-edged sword. . . . It seems appropriate, at this juncture . . . to give some serious and well-informed thought to the desirability of regulatory regimes that are both non-governmental and international."—Chris MacDonald, Canadian Business

"[T]his is an original piece of research on a timely subject using under-utilized but necessary methods that should prove useful to academics and regulators alike."—Anastasia Xenias, Political Science Quarterly

"By providing the first systematic and most comprehensive analysis of key private institutions in regulation, the authors do a masterful job. Hence, the book deserves to be widely read by scholars of globalisation and international regulation. Furthermore, by refraining using too much academic jargon, it makes the topic of private regulation, with its important social and economic consequences, also accessible to a broad audience."—Christian Brandli, Swiss Political Science Review
"Büthe and Mattli push the understanding of global governance in an important new direction by considering domestic arrangements as an explanatory factor in outcomes at the global level. . . . Büthe and Mattli, in particular, illuminate a generally underdeveloped dimension, the domestic environment and its connection to international outcomes."—Jonathan G. S. Koppell, Perspectives on Politics

Read More Show Less

Product Details

  • ISBN-13: 9780691144795
  • Publisher: Princeton University Press
  • Publication date: 3/21/2011
  • Pages: 312
  • Product dimensions: 6.30 (w) x 9.30 (h) x 1.20 (d)

Meet the Author

Tim Buthe is assistant professor of political science 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).

Read More Show Less

Table of Contents

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

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)