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Over the past two decades, governments have delegated extensive regulatory authority to international private-sector organizations. This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets, but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasks. The New Global Rulers examines who writes the rules in international private organizations, as well as who wins, who loses--and why. Tim Büthe and Walter Mattli examine three powerful global private regulators: the International Accounting Standards Board, which develops financial reporting rules used by corporations in more than a hundred countries; and the International Organization for Standardization and the International Electrotechnical Commission, which account for 85 percent of all international product standards. Büthe and Mattli offer both a new framework for understanding global private regulation and detailed empirical analyses of such regulation based on multi-country, multi-industry business surveys. They find that global rule making by technical experts is highly political, and that even though rule making has shifted to the international level, domestic institutions remain crucial. Influence in this form of global private governance is not a function of the economic power of states, but of the ability of domestic standard-setters to provide timely information and speak with a single voice. Büthe and Mattli show how domestic institutions' abilities differ, particularly between the two main standardization players, the United States and Europe.

Commercial policy --International cooperation. --- Complementarity (International law). --- Foreign trade regulation. --- International finance. --- Standardization --International cooperation. --- Commercial policy --- Foreign trade regulation --- International finance --- Standardization --- Complementarity (International law) --- Commerce --- Business & Economics --- International Commerce --- International cooperation --- -Foreign trade regulation --- -382.3 --- Industrial engineering --- Grading --- Mass production --- Specifications --- Testing --- International monetary system --- International money --- Finance --- International economic relations --- Export and import controls --- Foreign trade control --- Import and export controls --- International trade --- International trade control --- International trade regulation --- Prohibited exports and imports --- Trade regulation --- Foreign trade policy --- International trade policy --- Trade policy --- Economic policy --- Law and legislation --- Government policy --- E-books --- International cooperation. --- Complementarity principle (International law) --- Principle of complementarity (International law) --- Criminal procedure (International law) --- Jurisdiction (International law) --- International criminal courts --- International Accounting Standards Board. --- International Organization for Standardization. --- International Electrotechnical Commission. --- Commission Electrotechnique Internationale --- International organization for standardization --- Organisation internationale de normalisation --- IASB --- Law and globalization --- Privatization --- Denationalization --- Privatisation --- Contracting out --- Corporatization --- Government ownership --- Globalization and law --- Globalization --- Kuo chi piao chun hua tsu chih --- 国际标准化组织 --- Międzynarodowa Organizacja Normalizacyjna --- Organizația Internațională de Standardizare --- Mezinárodní organizace pro normalizaci --- ISO --- ИСО --- I.S.O. --- Mezhdunarodnai︠a︡ organizat︠s︡ii︠a︡ po standartizat︠s︡ii --- Международная организация по стандартизации --- International Standards Association --- International Standards Organization --- Kokusai Hyōjunka Kikō --- 国際標凖化機構 --- Europe. --- Financial Accounting Standards Board. --- Germany. --- United Kingdom. --- United States. --- accounting governance. --- accounting regulation. --- business administration. --- domestic interests. --- domestic standardization. --- economics. --- financial markets. --- financial reporting standards. --- focal rule-making institutions. --- global financial markets. --- global financial reporting. --- global private governance. --- global private regulation. --- global product markets. --- global regulation. --- global regulatory governance. --- global rule-making. --- institutional complementarity theory. --- institutional complementarity. --- institutional fragmentation. --- institutional reform. --- institutional structure. --- intergovernmental organizations. --- international competition. --- international private organizations. --- international product standards. --- international standard-setting. --- international standardization. --- law. --- legitimacy. --- market-based private regulation. --- nonmarket private governance. --- nontariff trade barriers. --- political science. --- power. --- private regulators. --- privatization. --- product markets. --- product regulation. --- product standards. --- public policy. --- public regulatory agencies. --- regulatory authority. --- rule-making institutions. --- rule-making. --- sociology. --- standardization. --- transgovernmental cooperation.