Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 27 November 2021

Abstract and Keywords

With the progressive emergence of an open, dynamic, and globalized economy, the internationalization of rules has become a critical issue. Governments increasingly seek to exploit the benefits of globalization by eliminating unnecessary regulatory divergences and barriers and ensuring greater coordination of regulatory objectives. Intensification of global challenges, such as those pertaining to systemic risks (financial markets), the environment (air or water pollution), human health (COVID-19 pandemics) and safety, is also leading to growing regulatory cooperation efforts as a key component of risk management strategies across borders. Regulation increasingly transcends its domestic nature to become transnational and international through a wide variety of mechanisms. At the same time, concerns over the loss of sovereignty and perceived negative impacts of openness are constraining greater regulatory cooperation. This chapter explores the range of possible approaches to the internationalization of regulation and provides evidence on their use, merits, and challenges, building on OECD work on international regulatory cooperation.

Keywords: international regulatory cooperation, regulation, globalization, multilateralism, rule-making, regulatory governance, internationalization of rules

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.