Theory before Policy
Theory before Policy
This chapter analyzes how and why global market governance rules and institutions change, investigates the architecture of governance, and describes how the explanations in the changes in market governance penetrate people’s thinking. It shows that although the predominant explanations reviewed point to significant components of a workable theory, they have individual failings and omit important arguments. The chapter also demonstrates that a critical element of changing information and communication technology (ICT) governance is the shift in the agents delegated to coordinate global markets. The ensuing shifts in the delegation of power to institutions and expert communities, and the reorganization of property rights, altered the structure, conduct, and consequences of world markets.
Keywords: global market governance, workable theory, ICT, property rights, world markets
MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.
