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The Global Diffusion of Regulatory Capitalism

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  • David Levi-Faur

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

Abstract

This article analyzes the rise and diffusion of the new order of regulatory capitalism. It offers an analytical and historical analysis of relations between capitalism and regulation and suggests that change in the governance of capitalist economy is best captured by reference to (1) a new division of labor between state and society (e.g., privatization), (2) an increase in delegation, (3) proliferation of new technologies of regulation, (4) formalization of interinstitutional and intrainstitutional arrangements of regulation, and (5) growth in the influence of experts in general, and of international networks of experts in particular. Regulation, though not necessarily directly by the state, seems to be on the increase despite efforts to redraw the boundaries between state and society.

Suggested Citation

  • 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.
    • Handle: RePEc:sae:anname:v:598:y:2005:i:1:p:12-32
    DOI: 10.1177/0002716204272371
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    Cited by:

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    2. Fabrizio Gilardi, 2005. "The Institutional Foundations of Regulatory Capitalism: The Diffusion of Independent Regulatory Agencies in Western Europe," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 84-101, March.
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    5. Christopher R. Way, 2005. "Political Insecurity and the Diffusion of Financial Market Regulation," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 125-144, March.
    6. Hunter, Benjamin M. & Murray, Susan F. & Marathe, Shweta & Chakravarthi, Indira, 2022. "Decentred regulation: The case of private healthcare in India," World Development, Elsevier, vol. 155(C).
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    9. Jacint Jordana, 2005. "Book Review: Globalizing Regulatory Capitalism," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 184-190, March.
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    15. Monika Grubbauer & Nebojša Čamprag, 2019. "Urban megaprojects, nation-state politics and regulatory capitalism in Central and Eastern Europe: The Belgrade Waterfront project," Urban Studies, Urban Studies Journal Limited, vol. 56(4), pages 649-671, March.
    16. Valenzuela, Jose Maria, 2023. "State ownership in liberal economic governance? De-risking private investment in the electricity sector in Mexico," World Development Perspectives, Elsevier, vol. 31(C).
    17. Chakraborty, Pavel & Chakrabarti, Anindya S. & Chatterjee, Chirantan, 2023. "Cross-border environmental regulation and firm labor demand," Journal of Environmental Economics and Management, Elsevier, vol. 117(C).
    18. Yesilkagit, Kutsal & Bauer, Michael & Peters, B. Guy & Pierre, Jon, 2024. "The Guardian State: Strengthening the Public Service against Democratic Backsliding," OSF Preprints nkqa8, Center for Open Science.
    19. Kenneth W. Abbott & David Levi-faur & Duncan Snidal, 2017. "Theorizing Regulatory Intermediaries," The ANNALS of the American Academy of Political and Social Science, , vol. 670(1), pages 14-35, March.
    20. Zachary Elkins & Beth Simmons, 2005. "On Waves, Clusters, and Diffusion: A Conceptual Framework," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 33-51, March.
    21. Ren, Monica & Gao, Hongzhi, 2023. "Chinese State-Owned Multinationals' (SOMNEs) Subsidiary nonmarket strategies in Selective De-globalization: An integrated perspective of co-evolution theory and the yin-yang frame," Journal of International Management, Elsevier, vol. 29(6).
    22. Manuel B Aalbers & Anne Haila, 2018. "A conversation about land rent, financialisation and housing," Urban Studies, Urban Studies Journal Limited, vol. 55(8), pages 1821-1835, June.

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