The global diffusion of regulatory capitalism

David Levi-Faur*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

774 Scopus citations

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.

Original languageAmerican English
Pages (from-to)12-32
Number of pages21
JournalAnnals of the American Academy of Political and Social Science
Volume598
DOIs
StatePublished - Mar 2005
Externally publishedYes

Keywords

  • Contagious diffusion
  • Regulatory capitalism
  • Regulatory explosion
  • Regulatory state

Fingerprint

Dive into the research topics of 'The global diffusion of regulatory capitalism'. Together they form a unique fingerprint.

Cite this