Winner of the 2012 International Studies Association's Best Book Award
This book colloquium will examine the acclaimed title The New Global Rulers
by Professors Tim Büthe and Walter Mattli.
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.
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.
Dr Bettina Lange, University Lecturer in Law and Regulation, University of Oxford
Frank Vibert, Senior Visiting Fellow, Department of Government, London School of Economics
Director, Political Economy of Financial Markets Programme, and Fellow of Wolfson College
Praise for The New Global Rulers:
"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." Matthias Schmidt, Accounting Review