Jump to ContentJump to Main Navigation
The New Global RulersThe Privatization of Regulation in the World Economy$
Users without a subscription are not able to see the full content.

Tim Büthe and Walter Mattli

Print publication date: 2011

Print ISBN-13: 9780691144795

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691144795.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 24 February 2020

The Rise of Private Regulation in the World Economy

The Rise of Private Regulation in the World Economy

Chapter:
(p.1) Chapter One The Rise of Private Regulation in the World Economy
Source:
The New Global Rulers
Author(s):

Tim Büthe

Walter Mattli

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691144795.003.0001

This book examines the delegation of regulatory authority from governments to a single international private-sector body by focusing on three powerful global private regulators, or focal rule-making institutions: the International Accounting Standards Board (IASB), the International Organization for Standardization (ISO), and the International Electrotechnical Commission (IEC). The book shows how the simultaneous privatization and internationalization of governance is driven, in part, by governments' lack of requisite technical expertise, financial resources, or flexibility to deal expeditiously with ever more complex and urgent regulatory tasks. Its main argument is that technical expertise and financial resources are necessary but not sufficient conditions for successful involvement in global private-sector standardization. To make its case, the book explores global private regulation in global financial and product markets.

Keywords:   regulatory authority, International Accounting Standards Board, International Organization for Standardization, International Electrotechnical Commission, privatization, standardization, global private regulation, financial markets, product markets, rule-making institutions

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.