Why read The New Global Rulers?

Book cover of The New Global Rulers: The Privatization of Regulation in the World Economy

Book description

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…

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Why read it?

1 author picked The New Global Rulers as one of their favorite books. Why do they recommend it?

Ranjit Lall

Author

Who writes the rules of the global economy? This book pulls back the curtain on what I consider one of the most profound transformations in global governance in recent decades: the delegation of regulatory authority by governments to international private-sector organizations, such as the International Organization for Standardization (ISO) and the International Accountability Standards Board (IASB).

I was only dimly aware of this shift before I read the book, and I had wondered who its “winners and losers” were across sectors and countries. The authors provide surprising and nuanced answers based on wide-ranging data collection as well as interviews with…

From Ranjit's list on international political economy.