Informal Procedure, Hard and Soft, in International Administration
David T. Zaring
University of Pennsylvania - Legal Studies Department
Chicago Journal of International Law, Vol. 5, p. 547, 2005
Washington & Lee Legal Studies Paper No. 2005-13
NYU Institute for International Law and Justice Working Paper No. 2004/6
Informal international regulatory cooperation is changing into recognizable forms of international administration. This paper surveys some of those forms. The forms range from hard procedural law to soft harmonization-through-example. They include: 1) hard international rules that constrain institutions in developed countries; 2) softer principles of supervision which bureaucrats in developing countries may emulate; and 3) models for regulators in adjacent issue areas. It is in attempting to adopt hard rules that we see an escalating procedural formality to regulatory cooperation. We also see a softer proselytization of unobjectionable, easy (for already sophisticated regulators, at least) standards throughout the developing world. Finally, the horde of organizations that have copied the form and agendas of established regulatory cooperation mechanisms also play a part in emerging international administration. The principal case studies for the paper come from international financial regulation.
Number of Pages in PDF File: 49
Keywords: International Administration
JEL Classification: K29, K33Accepted Paper Series
Date posted: April 14, 2005
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