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Transatlantic Regulation (Hardcover, New)
Loot Price: R2,525
Discovery Miles 25 250
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Transatlantic Regulation (Hardcover, New)
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The European and American economies are closely interlinked as
mutually important investment and trading partners. The growing
intensity of economic interdependence has spurred the transatlantic
coordination of rules and standards that can lead to the formation
of non-tariff barriers to transatlantic commerce. But despite
impressive government-to-government efforts to eliminate market
barriers, the E.U. and the U.S. have frequently clashed over each
other's regulatory policies. The aim of this book is to explore the
domestic sources of cooperation or conflict in transatlantic
regulation. The book analyses the role of domestic factors through
three theoretical lenses that are well-established in the study of
multilevel systems: the principal-agent approach, the two-level
game metaphor, and through a wider concept of institutionalism
which emphasises the links between societal interests and
regulatory ideas with institutional frameworks. The book states
that domestic factors embody more obstacles than opportunities for
horizontal coordination. It is argued that transatlantic relations
will likely undergo a 'double movement' of being simultaneously
shifted upwards to become part of the global governance
architecture, and downwards towards broader involvement of
legislators in regulatory matters. Hence, transatlantic regulation
might in the near future be shaped more by political leaders,
rent-seeking interest groups and legislators than by networks of
technocrats. This book was published as a special issue of the
Review of International Political Economy.
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