List of Figures and Tables vii
Introduction ix
CHAPTER ONE: In Whose Benefit? Explaining Regulatory Change in Global Politics by Walter Mattli and Ngaire Woods 1
CHAPTER TWO: The Governance Triangle: Regulatory Standards Institutions and the Shadow of the State by Kenneth W. Abbott and Duncan Snidal 44
CHAPTER THREE: Filling a Hole in Global Financial Governance? The Politics of Regulating Sovereign Debt Restructuring by Eric Helleiner 89
CHAPTER FOUR: From State Responsibility to Individual Criminal Accountability: A New Regulatory Model for Core Human Rights Violations by Kathryn Sikkink 121
CHAPTER FIVE: The Private Regulation of Global Corporate Conduct by David Vogel 151
CHAPTER SIX: Racing to the Top . . . at Last: The Regulation of Safety in Shipping by Samuel Barrows 189
CHAPTER SEVEN: Regulatory Shift: The Rise of Judicial Liberalization at the WTO by Judith L. Goldstein and Richard H. Steinberg 211
CHAPTER EIGHT: Economic Integration and Global Governance: Why So Little Supranationalism? By Miles Kahler and David A. Lake 242
List of Contributors 277
Index 279

Regulation by public and private organizations can be hijacked by special interests or small groups of powerful firms, and nowhere is this easier than at the global level. In whose interest is the global economy being regulated? Under what conditions can global regulation be made to serve broader interests? This is the first book to examine systematically how and why such hijacking or "regulatory capture" happens, and how it can be averted.
Walter Mattli and Ngaire Woods bring together leading experts to present an analytical framework to explain regulatory outcomes at the global level and offer a series of case studies that illustrate the challenges of a global economy in which many institutions are less transparent and are held much less accountable by the media and public officials than are domestic institutions. They explain when and how global regulation falls prey to regulatory capture, yet also shed light on the positive regulatory changes that have occurred in areas including human rights, shipping safety, and global finance. This book is a wake-up call to proponents of network governance, self-regulation, and the view that technocrats should be left to regulate with as little oversight as possible.
In addition to the editors, the contributors are Kenneth W. Abbott, Samuel Barrows, Judith L. Goldstein, Eric Helleiner, Miles Kahler, David A. Lake, Kathryn Sikkink, Duncan Snidal, Richard H. Steinberg, and David Vogel.

Walter Mattli is professor of international political economy and a fellow of St. John's College, University of Oxford. Ngaire Woods is professor of international political economy and director of the Global Economic Governance Programme at Oxford.