Governing Global Networks explores the mutual interests that have sustained the regulatory regimes for four major international service industries--shipping, air transport, telecommunications, and postal services. The authors argue that states have been concerned with two sometimes conflicting goals: facilitating the flow of international commerce; and maintaining the prerogatives of state sovereignty. This analysis of the impact of the breaking up of cartels and of deregulation is an important contribution to theoretical debates in the study of international organizations and international political economy.

Governing Global Networks argues that most international regimes are grounded in states' mutual cooperation, and not in the dictates of the most powerful states. It focuses on the regimes for four important international industries - shipping, air transport, telecommunications and postal services. Of particular importance to these regimes have been states' interests in both the free flow of commerce and their policy autonomy. The authors examine the relationship between these potentially conflicting goals. In particular they trace the impact of deregulation, which has led some states increasingly to place gains from economic openness ahead of their desire to maintain a high degree of control of their own economies; and to the decline of the traditional cartel elements of these regimes. This analysis is an important contribution to theoretical debates between neo-realists and neo-liberals in the study of international organisations and international political economy.