All Politics Is Global: Explaining International Regulatory by Daniel W. Drezner

By Daniel W. Drezner

Has globalization diluted the facility of nationwide governments to manage their very own economies? Are foreign governmental and nongovernmental companies weakening the carry of geographical regions on worldwide regulatory agendas? Many observers imagine so. yet in All Politics Is Global, Daniel Drezner argues that this view is inaccurate. regardless of globalization, states--especially the nice powers--still dominate overseas regulatory regimes, and the regulatory ambitions of states are pushed by means of their household interests.

As Drezner exhibits, nation measurement nonetheless concerns. the nice powers--the usa and the ecu Union--remain the foremost avid gamers in writing international rules, and their strength is because of the scale in their inner financial markets. in the event that they agree, there'll be powerful international governance. in the event that they do not agree, governance may be fragmented or useless. And, mockingly, the main strong resources of great-power personal tastes are the least globalized components in their economies.

Testing this revisionist version of world regulatory governance on an strangely large choice of instances, together with the net, finance, genetically changed organisms, and highbrow estate rights, Drezner exhibits why there's such disparity within the energy of foreign regulations.

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The Dynamics of Regulatory Change: How Globalization Affects National Regulatory Policies (Berkeley: University of California Press, 2004), 2. 54 Naomi Klein epitomizes the public intellectual cachet of this metaphor when she asserts: “[T]he incentives to lure investors are increasing and the wages and standards are being held hostage to the threat of departure. 56 There are anecdotal examples that support the idea of a race to the bottom,57 but the bulk of the evidence strongly suggests that these assertions are flatly wrong.

110 Cheryl Shanks, Harold Jacobson, and Jeffrey Kaplan, “Inertia and Change in the Constellation of International Governmental Organizations, 1981–1992,” International Organization 50 (Autumn 1996): 593–627; Judith Goldstein, Douglas Rivers, and Michael Tomz, “Institutions in International Relations,” paper presented at the American Political Science annual meeting, Philadelphia, PA, August 2003. ” Bringing the Great Powers Back In • 25 be able to make falsifiable predictions. Empirically, there is a need to select tests that generate contrasting predictions from different theoretical approaches.

41 For example, the mutual recognition of other national standards does not necessarily lead to greater policy convergence, but does lead to greater coordination. Furthermore, convergence can occur without conscious coordination, if structural factors affect all actors in an identical fashion. Regulatory coordination is also distinct from harmonization, which implies policy convergence to a single regulatory standard. 42 Global governance is a more expansive term than policy coordination. Global governance refers not only to the codified adjustment of national rules and regulations; it encompasses the collection of authority relationships designated to monitor, enforce, and amend any transnational set of rules and regulations.

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