
From Home Mortgages To I-phones, Basic Elements Of Our Daily Lives Depend On International Economic Markets. The Astonishing Complexity Of These Exchanges May Seem Ungoverned. Yet The Global Economy Remains Deeply Bound By Rules. Far From The Staid World Of Treaties And State-to-state Diplomacy, Economic Governance Increasingly Relies On A Different Class Of International Market Regulation - Soft Law - Comprised Of Voluntary Standards, Best Practices, And Recommended Guidance Created By A Motley Assortment Of International Organizations. Voluntary Disruptions Argues That International Soft Law Is Deeply Political, Shaping The Winners And Losers Of Globalization. Some Observers Focus On Soft Law's Potential To Solve Problems And Coordinate Market Participants. Voluntary Disruptions Widens The Discussion, Shifting Attention To The Ways Soft Law Provides New Political Resources To Some Groups While Not To Others And Alters The Sites Of Contestation And The Actors Who Participate In Them. Highlighting Two Mechanisms - Legitimacy Claims And Arena Expansion - The Book Explains How Soft Law, Typically Viewed As Limited By Its Voluntary Nature, Disrupts And Transforms The Politics Of Economic Governance. Using Financial Regulation As Its Laboratory, Voluntary Disruptions Explains The Remarkable Pre-crisis Alignment Of Us And European Approaches To Governing Markets, The Rise And Prominence Of Transnational Industry Associations In The 1990s And 2000s, And The Ambivalence Of Us Reforms Towards International Market Cooperation In The Wake Of The 2008 Financial Crisis. Rethinking Scholarly And Policy Approaches To International Soft Law, This Volume Answers Enduring And Pressing Questions About Global Finance, International Relations, And Power. Transformations In Governance Is A Major New Academic Book Series From Oxford University Press. It Is Designed To Accommodate The Impressive Growth Of Research In Comparative Politics, International Relations, Public Policy, Federalism
How does the proliferation of international soft law—voluntary standards and best practices—fundamentally alter the political landscape of global economic governance? Abraham L. Newman and Elliot Posner, both established scholars in international political economy, argue that soft law is not merely a technical tool for market coordination but a deeply political instrument. By examining the mechanisms of legitimacy claims and arena expansion, the authors demonstrate how these voluntary frameworks redistribute power, influence the winners and losers of globalization, and shift the sites of political contestation.
What You Will Find
Scope Limits
Experts in international political economy identify this work as a significant contribution to understanding the informal architecture of global governance. Readers frequently note the academic density of the prose, which serves as a rigorous resource for researchers and policy analysts interested in the intersection of finance and international relations.
Page Count:
200
Publication Date:
2018-01-01
Publisher:
Oxford University Press
ISBN-10:
0192550497
ISBN-13:
9780192550491
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