Governing Global Networks explores the mutual interests that have sustained the regulatory regimes for four major international service industries—shipping, air transport, telecommunications, and postal services. The authors argue that states have been concerned with two sometimes conflicting goals: facilitating the flow of international commerce; and maintaining the prerogatives of state sovereignty. This analysis of the impact of the breaking up of cartels and of deregulation is an important contribution to theoretical debates in the study of international organizations and international political economy.