Request pdf the new global rulers the privatization of regulation in the world economy over the past two decades governments have delegated extensive regulatory authority to international . In april 2009 as the global financial crisis was quickly deepening the leaders of the g 20 group of industrialized and developing nations met in london to take urgent steps to prevent a further downward spiral of the world economy and avert a new great depression. The new global rulers covers a big topic an important and growing one with an ever wider audience peter a gourevitch university of california san diego and coauthor of political power and corporate control tim buthe and walter mattli say something new and important about the world economy better yet they prove their case. The new global rulers examines who writes the rules in international private organizations as well as who wins who loses and why buthe 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. Abstract 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
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