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: 19 May 2019

Abstract and Keywords

Setting standards is an important means for shaping the behavior of firms and other economic actors. Governments may or may not be directly involved in this element of the governance of markets, though compliance with, or implementation of, a standard is often a function of public policy and business–government relations at other stages of the “regulatory process,” consisting of agenda setting, negotiation of standards, implementation, monitoring, and enforcement. This article first differentiates two key problems that arise from economic interdependence which are commonly solved or ameliorated through standards. It then sketches how the international integration of product and financial markets has internationalized these problems and led to a shift from local and domestic to international standard setting. It then differentiates and discusses the operation of four types of bodies that set standards for the international economy.

Keywords: international standards, economic actors, business–government relations, economic interdependence, financial markets, international economy

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.