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The Diffusion of Regulatory Capitalism in Latin America: Sectoral and National Channels in the Making of a New Order

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  • Jacint Jordana

    (Universitat Pompeu Fabra (Barcelona, Spain))

  • David Levi-Faur

    (RegNet, the Research School of the Social Science, Australian National University, and University of Haifa)

Abstract

This article analyzes the sweeping restructuring of the state in Latin America and the consequent institutionalization of a new regulatory order. The analysis is grounded in an original database that covers the creation of regulatory agencies and their reform in nineteen countries and twelve sectors over the period from 1979 to 2002. The authors’ data capture both the national and the sectoral patterns of the rise of the new order, and the authors distinguish between (1) national patterns of diffusion, whereby the number of prior regulatory authorities within a country determines the probability of the establishment of new authorities in that country; and (2) sectoral patterns of diffusion, whereby the number of prior regulatory authority in the same sector in other countries determines the probability of the establishment of new regulatory authority in that sector. The results coincide with a growing body of literature that emphasizes the role of contagious diffusion and shed some new light on sectoral and national channels of diffusion.

Suggested Citation

  • Jacint Jordana & David Levi-Faur, 2005. "The Diffusion of Regulatory Capitalism in Latin America: Sectoral and National Channels in the Making of a New Order," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 102-124, March.
    • Handle: RePEc:sae:anname:v:598:y:2005:i:1:p:102-124
    DOI: 10.1177/0002716204272587
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    References listed on IDEAS

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    Cited by:

    1. Susan Perkins, 2014. "Cross‐national variations in industry regulation: A factor analytic approach with an application to telecommunications," Regulation & Governance, John Wiley & Sons, vol. 8(1), pages 149-163, March.
    2. Andrea C. Bianculli, 2013. "The Brazilian Association of Regulatory Agencies: Integrating levels, consolidating identities in the regulatory state in the south," Regulation & Governance, John Wiley & Sons, vol. 7(4), pages 547-559, December.
    3. Alketa Peci & Aline de Menezes Santos & Bruno César Pino Oliveira de Araújo, 2022. "Quo Vadis? Career paths of Brazilian regulators," Regulation & Governance, John Wiley & Sons, vol. 16(2), pages 470-486, April.
    4. David Lazer, 2005. "Regulatory Capitalism as a Networked Order: The International System as an Informational Network," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 52-66, March.
    5. Fulya Apaydin, 2018. "Regulating Islamic banks in authoritarian settings: Malaysia and the United Arab Emirates in comparative perspective," Regulation & Governance, John Wiley & Sons, vol. 12(4), pages 466-485, December.
    6. Bruno Meyerhof Salama & Vicente P. Braga, 2023. "The case for private administration of deposit guarantee schemes," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(1), pages 51-65, March.
    7. John Kojiro Yasuda & Christopher Ansell, 2015. "Regulatory capitalism and its discontents: Bilateral interdependence and the adaptability of regulatory styles," Regulation & Governance, John Wiley & Sons, vol. 9(2), pages 178-192, June.
    8. Xavier Fernández‐i‐Marín & Jacint Jordana & Andrea C. Bianculli, 2016. "Are regulatory agencies independent in practice? Evidence from board members in Spain," Regulation & Governance, John Wiley & Sons, vol. 10(3), pages 230-247, September.
    9. Tomic, Slobodan & Dragicevic, Ognjen, 2023. "An Unexpected Fate of a Regulatory State at the EU’s Gate: Internationalisation and Non-Consolidation of the Serbian Regulatory State," SocArXiv 7g9zx, Center for Open Science.
    10. Andrés Pavón Mediano, 2020. "Agencies’ formal independence and credible commitment in the Latin American regulatory state: A comparative analysis of 8 countries and 13 sectors," Regulation & Governance, John Wiley & Sons, vol. 14(1), pages 102-120, January.
    11. David Levi-Faur, 2005. "The Global Diffusion of Regulatory Capitalism," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 12-32, March.
    12. Jacint Jordana & Xavier Fernández‐i‐Marín & Andrea C. Bianculli, 2018. "Agency proliferation and the globalization of the regulatory state: Introducing a data set on the institutional features of regulatory agencies," Regulation & Governance, John Wiley & Sons, vol. 12(4), pages 524-540, December.
    13. González, Camilo Ignacio, 2022. "Can we have it all? The evolution of regulatory frameworks in Latin America," Utilities Policy, Elsevier, vol. 77(C).
    14. Covadonga Meseguer, 2005. "Policy Learning, Policy Diffusion, and the Making of a New Order," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 67-82, March.
    15. Liam Clegg & Fay Farstad, 2021. "The local political economy of the regulatory state: Governing affordable housing in England," Regulation & Governance, John Wiley & Sons, vol. 15(1), pages 168-184, January.

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