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

Princeton University Press
Free sample

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

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).
Read more
Loading...

Additional Information

Publisher
Princeton University Press
Read more
Published on
Feb 28, 2011
Read more
Pages
320
Read more
ISBN
9781400838790
Read more
Language
English
Read more
Genres
Business & Economics / Accounting / General
Business & Economics / International / General
Law / Business & Financial
Political Science / Globalization
Political Science / Intergovernmental Organizations
Read more
Content Protection
This content is DRM protected.
Read more
Read Aloud
Available on Android devices
Read more
Eligible for Family Library

Reading information

Smartphones and Tablets

Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.

Laptops and Computers

You can read books purchased on Google Play using your computer's web browser.

eReaders and other devices

To read on e-ink devices like the Sony eReader or Barnes & Noble Nook, you'll need to download a file and transfer it to your device. Please follow the detailed Help center instructions to transfer the files to supported eReaders.
Most literature on international arbitration is practice-oriented, technical, and promotional. It is by arbitrators and largely for arbitrators and their clients. Outside analyses by non-participants are still very rare. This book boldly steps away from this tradition of scholarship to reflect analytically on international arbitration as a form of global governance. It thus contributes to a rapidly growing literature that describes the profound economic, legal, and political transformation in which key governance functions are increasingly exercised by a new constellation that include actors other than national public authorities. The book brings together leading scholars from law and the social sciences to assess and critically reflect on the significance and implications of international arbitration as a new locus of global private authority. The views predictably diverge. Some see the evolution of these private courts positively as a significant element of an emerging transnational private legal system that gradually evolves according to the needs of market actors without much state interference. Others fear that private courts allow transnational actors to circumvent state regulation and create an illegitimate judicial system that is driven by powerful transnational companies at the expense of collective public interests. Still others accept that these contrasting views serve as useful starting points of an analysis but are too simplistic to adequately understand the complex governance structures that international arbitration courts have been developing over the last two decades. In sum, this book offers a wide-ranging and up-to-date analytical overview of arguments in a vigorous nascent interdisciplinary debate about arbitration courts and their exercise of private governance power in the transnational realm. This debate is generating fascinating new insights into such central topics as legitimacy, constitutional order and justice beyond classical nation state institutions.
For decades no law enforcement program has been as cloaked in controversy and mystery as the Federal Witness Protection Program. Now, for the first time, Gerald Shur, the man credited with the creation of WITSEC, teams with acclaimed investigative journalist Pete Earley to tell the inside story of turncoats, crime-fighters, killers, and ordinary human beings caught up in a life-and-death game of deception in the name of justice.

WITSEC
Inside the Federal Witness Protection Program

When the government was losing the war on organized crime in the early 1960s, Gerald Shur, a young attorney in the Justice Department’s Organized Crime and Racketeering Section, urged the department to entice mobsters into breaking their code of silence with promises of protection and relocation. But as high-ranking mob figures came into the program, Shur discovered that keeping his witnesses alive in the face of death threats involved more than eradicating old identities and creating new ones. It also meant cutting off families from their pasts and giving new identities to wives and children, as well as to mob girlfriends and mistresses.

It meant getting late-night phone calls from protected witnesses unable to cope with their new lives. It meant arranging funerals, providing financial support, and in one instance even helping a mobster’s wife get breast implants. And all too often it meant odds that a protected witness would return to what he knew best–crime.

In this book Shur gives a you-are-there account of infamous witnesses, from Joseph Valachi to “Sammy the Bull” Gravano to “Fat Vinnie” Teresa, of the lengths the program goes to to keep its charges safe, and of cases that went very wrong and occasionally even protected those who went on to kill again.

He describes the agony endured by innocent people who found themselves in the wrong place at the wrong time and ended up in a program tailored to criminals. And along with Shur’s war stories, WITSEC draws on the haunting words of one mob wife, who vividly describes her life of lies, secrecy, and loss inside the program.

A powerful true story of the inner workings of one of the most effective and controversial weapons in the war against organized crime and the inner workings of organized crime itself–and more recently against Colombian drug dealers, outlaw motorcycle gang members, white-collar con men, and international terrorists–this book takes us into a tense, dangerous twilight world carefully hidden in plain sight: where the family living next door might not be who they say they are. . .


From the Paperback edition.
Most literature on international arbitration is practice-oriented, technical, and promotional. It is by arbitrators and largely for arbitrators and their clients. Outside analyses by non-participants are still very rare. This book boldly steps away from this tradition of scholarship to reflect analytically on international arbitration as a form of global governance. It thus contributes to a rapidly growing literature that describes the profound economic, legal, and political transformation in which key governance functions are increasingly exercised by a new constellation that include actors other than national public authorities. The book brings together leading scholars from law and the social sciences to assess and critically reflect on the significance and implications of international arbitration as a new locus of global private authority. The views predictably diverge. Some see the evolution of these private courts positively as a significant element of an emerging transnational private legal system that gradually evolves according to the needs of market actors without much state interference. Others fear that private courts allow transnational actors to circumvent state regulation and create an illegitimate judicial system that is driven by powerful transnational companies at the expense of collective public interests. Still others accept that these contrasting views serve as useful starting points of an analysis but are too simplistic to adequately understand the complex governance structures that international arbitration courts have been developing over the last two decades. In sum, this book offers a wide-ranging and up-to-date analytical overview of arguments in a vigorous nascent interdisciplinary debate about arbitration courts and their exercise of private governance power in the transnational realm. This debate is generating fascinating new insights into such central topics as legitimacy, constitutional order and justice beyond classical nation state institutions.
©2018 GoogleSite Terms of ServicePrivacyDevelopersArtistsAbout Google
By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments Terms of Service and Privacy Notice.