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

Called Out: The Global Consequences of Apple’s Fight with the FBI

By now, the details of Apple’s fight with the FBI are well known: the FBI wants access to an iPhone belonging to the deceased terrorism suspect Syed Farook, who was involved in the San Bernardino, California, attack on December 2, 2015. Farook’s iPhone is encrypted, so the FBI wants Apple to issue a tailored software ...
Read Article
Essay

Behold the AI shoggoth – with Cosma Shalizi

Artificial intelligence is a familiar-looking monster The academics argue that large language models have much older cousins in markets and bureaucracies An internet meme keeps on turning up in debates about the large language models (llms) that power services such Openai’s Chatgptand the newest version of Microsoft’s Bing search engine. It’s the “shoggoth”: an amorphous monster ...
Read Article