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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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    4. Silano, Filippo, 2022. "Revolving doors in government debt management," ILE Working Paper Series 61, University of Hamburg, Institute of Law and Economics.
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    8. 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).
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    10. 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.
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    12. 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.
    13. 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.
    14. 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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    16. 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.
    17. Diahanna L. Post, 2005. "Standards and Regulatory Capitalism: The Diffusion of Food Safety Standards in Developing Countries," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 168-183, March.
    18. Jeroen van der Heijden, 2017. "Brighter and Darker Sides of Intermediation," The ANNALS of the American Academy of Political and Social Science, , vol. 670(1), pages 207-224, March.
    19. Per-Olof Busch & Helge Jörgens & Kerstin Tews, 2005. "The Global Diffusion of Regulatory Instruments: The Making of a New International Environmental Regime," The ANNALS of the American Academy of Political and Social Science, , vol. 598(1), pages 146-167, 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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