International Standards and Standard-Setting Bodies

Tim Büthe, Walter Mattli

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

30 Scopus citations

Abstract

Setting standards is an important means for shaping the behavior of firms and other economic actors. Governments may or may not be directly involved in this element of the governance of markets, though compliance with, or implementation of, a standard is often a function of public policy and business-government relations at other stages of the "regulatory process," consisting of agenda setting, negotiation of standards, implementation, monitoring, and enforcement. This article first differentiates two key problems that arise from economic interdependence which are commonly solved or ameliorated through standards. It then sketches how the international integration of product and financial markets has internationalized these problems and led to a shift from local and domestic to international standard setting. It then differentiates and discusses the operation of four types of bodies that set standards for the international economy.

Original languageEnglish
Title of host publicationThe Oxford Handbook of Business and Government
PublisherOxford University Press
ISBN (Electronic)9780191584824
ISBN (Print)9780199214273
DOIs
StatePublished - 2 May 2010
Externally publishedYes

Keywords

  • Business-government relations
  • Economic actors
  • Economic interdependence
  • Financial markets
  • International economy
  • International standards

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