- International Trade Finance from the Origins to the Present: Market Structures, Regulation, and Governance
- The Simplest Model of Global Governance Ever Seen?: The London Corn Market (1885–1914)
- The Medieval Expansion of Long-Distance Trade: Adam Smith on the Towns’ Escape from the Violent, Feudal Equilibrium
- Markets for Knowledge: Intellectual Property, Organizational Arrangements, and International Governance
- Transnational Business Governance through Private Standards
- The Governance of Global Agri-food Value Chains, Standards, and Development
- Government by Relational Infrastructures: The Case of the Transnational Institutionalization of the European Unified Patent Court
- Contractual Arbitrage
- Regulate in Haste, Repent at Leisure: Private and Public Orderings in OTC Derivatives Markets
- International Arbitration as a Tool of Global Governance: The Use (and Abuse) of Discretion
- Beyond Conditionality: How Contracts, Credit Ratings, and Credit Default Swaps Influence State Sovereignty
- The Credit Rating Agencies and Their Role in the Financial System
- Algorithmic Governance by Online Intermediaries
- Corporate Liabilities: A Genealogy of Business Accountability under International Criminal Law
- The Political and Professional Economies of US Global Corporate Criminal Enforcement
- Governing Proliferation Finance: Multilateralism, Transgovernmentalism, and Hegemony in the Case of Sanctions against Iran
- Courts, Sovereign Immunity, and Credible Commitment in Sovereign Debt Markets
- Adapting Regulation to Globalization: A Typology of Approaches to the Internationalization of Regulation
- International Regulatory Cooperation and Trade Agreements
- China’s Integration into the Global Economic System: Institutional Idiosyncrasies and Emerging Patterns
- Global Banking Regulation: The Limitations of Voluntarism
- Liquidity Swaps between Central Banks, the IMF, and the Evolution of the International Financial Architecture
- Regulating Corruption in International Markets: Why Governments Introduce Laws They Fail to Enforce
- The Corporation in a Globalized World: Relational, Structural, and Arbitrage Power in a Globalized World
- Changing Capital Market Structure and Regulatory Challenges: Trends in Equity and Foreign Exchange Markets
- States, Nonstate Actors, and Economics in Global Health Governance
- Governance Beyond Governments: The Effort to Slow Climate Change
- The Governance of International Spaces and Earth Systems: Solving Collective Action Problems in the Absence of Public Authority
- Party Autonomy in Global Context: The Political Economy of a Self-Constituting Regime
- The Legal Pluralism at the Heart of International Economic Governance
- Ways out of the Globalization Trilemma: Deliberating Trade Policy
Abstract and Keywords
When considering international economic governance, observers often focus on the lack of clear lines of demarcation regarding which rules apply. Businesses may complain about being subject to conflicting regulatory regimes; those concerned with labor rights, consumer protection, and the environment worry about regulatory evasion; and those focused on the philosophy of governance emphasize the possibility that norms regulating behavior may be unmoored from what is seen as a legitimate governing authority or polity. All of these concerns, however, rest on the assumption that for every dispute there should be one prevailing authority. This chapter questions that assumption, arguing that there is often no conceptually satisfying way to dictate a single set of legal norms to apply to a dispute and that the effort to do so often skews our focus. Instead, by embracing the pluralism at the heart of international economic governance, we can turn our attention to developing workable procedures, institutions, and discursive practices for managing multiple jurisdictional assertions by state and nonstate actors alike. We may even find that the existence of multiple ports of entry for normative assertions opens space for contestation, resistance, and creative possibility.
Keywords: international economic governance, legal pluralism, globalization, jurisdiction, deterritorialization
Walter S. Cox Professor of Law, George Washington University Law School
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- International Trade Finance from the Origins to the Present: Market Structures, Regulation, and Governance
- The Simplest Model of Global Governance Ever Seen?: The London Corn Market (1885–1914)
- The Medieval Expansion of Long-Distance Trade: Adam Smith on the Towns’ Escape from the Violent, Feudal Equilibrium
- Markets for Knowledge: Intellectual Property, Organizational Arrangements, and International Governance
- Transnational Business Governance through Private Standards
- The Governance of Global Agri-food Value Chains, Standards, and Development
- Government by Relational Infrastructures: The Case of the Transnational Institutionalization of the European Unified Patent Court
- Contractual Arbitrage
- Regulate in Haste, Repent at Leisure: Private and Public Orderings in OTC Derivatives Markets
- International Arbitration as a Tool of Global Governance: The Use (and Abuse) of Discretion
- Beyond Conditionality: How Contracts, Credit Ratings, and Credit Default Swaps Influence State Sovereignty
- The Credit Rating Agencies and Their Role in the Financial System
- Algorithmic Governance by Online Intermediaries
- Corporate Liabilities: A Genealogy of Business Accountability under International Criminal Law
- The Political and Professional Economies of US Global Corporate Criminal Enforcement
- Governing Proliferation Finance: Multilateralism, Transgovernmentalism, and Hegemony in the Case of Sanctions against Iran
- Courts, Sovereign Immunity, and Credible Commitment in Sovereign Debt Markets
- Adapting Regulation to Globalization: A Typology of Approaches to the Internationalization of Regulation
- International Regulatory Cooperation and Trade Agreements
- China’s Integration into the Global Economic System: Institutional Idiosyncrasies and Emerging Patterns
- Global Banking Regulation: The Limitations of Voluntarism
- Liquidity Swaps between Central Banks, the IMF, and the Evolution of the International Financial Architecture
- Regulating Corruption in International Markets: Why Governments Introduce Laws They Fail to Enforce
- The Corporation in a Globalized World: Relational, Structural, and Arbitrage Power in a Globalized World
- Changing Capital Market Structure and Regulatory Challenges: Trends in Equity and Foreign Exchange Markets
- States, Nonstate Actors, and Economics in Global Health Governance
- Governance Beyond Governments: The Effort to Slow Climate Change
- The Governance of International Spaces and Earth Systems: Solving Collective Action Problems in the Absence of Public Authority
- Party Autonomy in Global Context: The Political Economy of a Self-Constituting Regime
- The Legal Pluralism at the Heart of International Economic Governance
- Ways out of the Globalization Trilemma: Deliberating Trade Policy