Making Global Markets: Historical Institutionalism in International Political Economy, Introduction to Special Issue on Historical Institutionalism and International Market Regulation – with Abraham Newman

As dramatically evidenced by the global financial crisis, the interaction of domestic regulatory systems has significant international consequences. Nevertheless, these relationships have received only limited attention from international relations scholars. This special issue, therefore, provides a de- tailed examination of international market regulation – the processes through which the domestic regulatory activities of states and other actors set the ef- fective rules of internationally-exposed markets. To this end, we borrow and extend on arguments developed by historical institutionalists in comparative politics and American political development. In particular, the contributions adapt two mechanisms – policy feedbacks and relative sequencing – to ex- plain state and bureaucratic preferences over international market regulation as well as bargaining strength in relevant negotiations. In addition to con- tributing to central IPE debates about international economic governance, the individual contributions shed light on a number of important empirical domains such as corporate accounting, intellectual property, pharmaceuti- cals, hedge funds, and financial market standardization.

Henry Farrell and Abraham Newman (2010), “Making Global Markets: Historical Institutionalism in International Political Economy,” Introduction to Special Issue on Historical Institutionalism and International Market Regulation, Review of International Political Economy, 17, 4:609-638.

Other Writing:

Essay

Brexit and the Northern Irish Border

A new fight has been brewing over the consequences of Brexit for the border between Northern Ireland and the neighboring Republic of Ireland. Both British and EU negotiators have identified the border as one of the key political questions that have to be addressed early on in negotiations. It’s easy not to have a border ...
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Essay

Binance and the End of Crypto’s Dream to Escape From Government – with Abraham Newman

On Nov. 21, Binance, the world’s largest cryptocurrency exchange, pleaded guilty to breaking U.S. anti-money-laundering laws. Its CEO has stepped down, and the company will pay $4.3 billion in penalties. While the eye-watering fine is getting the headlines, it’s the details of the agreement that really redefine the relationship between government and crypto. U.S. authorities ...
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