Reframing Democratic Governance
The New Regulatory Space
Former Senior Advisor to the World Bank Frank Vibert urges us to rethink the role of regulation within democracies, in a lecture entitled The New Regulatory Space: Reframing Democratic Governance.
He outlines a new approach that questions the orthodox view that regulation is an inferior and potentially damaging form of social coordination that marginalizes the agency of the individual and limits the effectiveness of the market. Instead, he argued that regulators play an important role in a crucial aspect of democratic governance — that of safeguarding equal voice.