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date: 17 October 2019

Abstract and Keywords

This article analyses the field of new governance from a regulatory perspective and examines the ways in which governments can effectively regulate markets. It discusses how regulatory governance has been expanded to offer effective regulation of private actors and highlights the challenges for new governance in promoting legitimate, effective, and active participation in the work of regulation by the private regulated parties themselves without devolving into deregulation. The article suggests that cooperative programs should not be confounded with deregulation or libertarian non-coerciveness, and stresses the importance of a sophisticated analysis and deep understanding of the comparative advantages, and the dynamic interaction, between private and public action in solving social problems.

Keywords: new governance, markets, private actors, regulated parties, cooperative programs, deregulation

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