The New Regulatory Space

The New Regulatory Space

Reframing Democratic Governance

Frank Vibert

This groundbreaking book analyses changing patterns of governance in modern democratic societies. Frank Vibert discusses how far we should be concerned about such changes and what we should be concerned about. Crucially, Vibert clarifies the status of regulation, revealing how regulation should be viewed, not only as a technique offering specific responses to particular policy problems, but also in its new role as the key mechanism for making adjustments between the different systems of coordination used in contemporary governance.

Chapter 12: Conclusions

Frank Vibert

Subjects: economics and finance, political economy, law - academic, law and society, regulation and governance, politics and public policy, international politics, public policy, regulation and governance

Extract

In the world today there are more countries that practise some form of democratic politics than ever before, alongside professing an outward respect for the concept of the rule of law. In addition, most countries in the world organize their economies along market lines and most rely on a multiplicity of informal social norms to coordinate daily relationships. At the same time regulatory activity has grown across the world and the principles of regulation are spread internationally by bodies such as the OECD and the Bretton Woods organizations. What however remains in constant flux is the inter-relationship between these different forms of authority.

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