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Date and venue : 18th – 19th December 2015, Council Chamber, Abbey Building, Swansea University Admission: Free and everybody is welcome.
There is a danger that we are entering an era of retrenchment and fragmentation of globalization. In the wake of the 2008 global financial crisis, regulating the global economy rather than continuing the laissez faire approach has become a necessity. Regulation here is understood broadly, in the sense of nontax, noncriminal public law where public bodies issue and enforce directives (Matthew Adler). The remit of global economy regulation exceeds the traditional trade law in goods and services to encompass areas such as financial markets and investment, antitrust, energy, and possibly also fiscal and monetary matters. This is arguably a matter of growing consensus among scholars. Consensus remains elusive, however, on the structure of such regulation. The conference is to analytically elucidate this structure at this point.
Three elements of such regulation will be considered in particular, the drivers, the modalities, and the normative parameters, as well as their connection. Each raises critical questions. Of the drivers of global economic regulation, the questions to be explored here concern, within and without the OECD, the deep rationales underlying each state’s stance and the international cooperation of states on regulation. For actually achieving global economic regulation, there is a gamut of modalities that frame the choices that regulators have to achieve agreed outcomes. Such modalities comprise various instruments and, at a second level, institutions. Thirdly, as regulation progresses in practice, the impact it has on the meta-level becomes more visible. The conference will consider its transformative effect on democracy towards multilevel governance and on the normative objectives, in particular legitimacy of decision-making and global social justice. The conference will test the structural insights gained by applying them to selected reference areas of the global economy. A concluding integrative panel will review the development of the drivers-instruments-normative template and its application across sectors.
The conference is to bring together representative analytic and normative approaches capable of formulating the planks of and thus advancing the research agenda on regulating the global economy, including conceptual analysis, institutional and behavioural economics, and political philosophy.
The event is laid out as follows in four parts. The objective is to achieve integration among general and sectoral papers.
Day 1 – 18th December, commencing at 9.30am
I. Drivers, Alison Parry (chair)
a. The market state and its regulatory agenda
b.Internationally cooperative regulation of the economy
c.The non-OECD perspective. The reform of state-led economy
II. Normative parameters
a. Regulatory paradigms and their implementation
Ernst Ulrich Petersmann
b. Legitimacy of institutionalised regulation
c. Global social justice and solidarity
III. Modalities (1), Martin Stringer (chair)
a. Legislative mechanisms: non-discrimination, harmonization, mutual recognition, coordination
b. Dispute settlement
c. Soft law
Day 2 – 19th December, commencing at 9.30am
III. Modalities (2)
Anne van Aaken
e. Private law instruments
f. Economic and monetary integration
g. Regional and universal organization, and their interaction
b. IP and internet
d. Investment protection
V. Concluding panel, Elwen Evans (chair)
For more information and to register please contact:
firstname.lastname@example.org 01792 602723
- Friday 11 December 2015 12.09 GMT
- Friday 11 December 2015 12.07 GMT
- Samantha Duffy