Description
This is an original and ambitious book that seeks to re-theorise regulation in ways that place embedded social bonds and socio-economic sustainability at the heart of regulatory principle. Findlay and Lim range across a wide landscape of economic history, cultural anthropology and political theory perspectives, weaving them into a unique perspective on regulation that challenges the underlying assumptions of much of the existing literature. Their critical focus on the centrality of private property rights in regulatory theory is a welcome move in this stimulating book that deserves to provoke debate.'
- Bronwen Morgan, UNSW, Australia
'Mark Findlay and Lim Si Wei explore how economics and governance are socially embedded through deft moves from one part of the globe to another. How can there be regulation that is unresponsive to culturally distinctive East Asian principles of 'face'? How can integrity survive in migrant labour contracts? This is a searing engagement with challenges of inequality in contemporary capitalism that can only be confronted by a principled embedded regulation. The limits of Western models of the national regulator are evocatively exposed with a distinctive theoretical sophistication.'
- John Braithwaite, Australian National University
This ambitious book takes up the grand challenge to design regulatory thinking for a global future beyond wealth and growth, and towards social sustainability. Assuming a 'South World' perspective on market regulation and social sustainability, the authors present the options and possibilities for radically repositioning regulatory principle.
The analysis of intersections between the market economies of the South and North reconsiders fundamental regulatory relationships and outcomes motivated by sustainability rather than individual wealth creation and economic growth models. The book aims to return economy to society at a critical global juncture, demanding new and creative regulatory intervention outside the regulatory state model. Along with new perspectives on regulation, the analysis offers a better understanding of the problematic future of global regulation by revealing the different reasons for fragmentation within and between very different regulatory spaces.
Students of social development and scholars researching market economics and the global crisis will find this book to be a valuable and challenging resource. Policy makers and readers interested in law and regulation will also benefit from the thoughtful discussion presented in this volume.
Contents: 1. Reimagining Contemporary Regulatory Principle - Fragmented Regulatory Space 2. Redirecting Analytical Focus - South to North Worlds 3. Social Embeddedness and Market Economies 4. Legal Regulation, Private Property Protection and the Sustainability Project 5. Law's Place in Regulating Migrant Labour Markets 6. Sustainable Markets and Community Inclusion 7. The Truth of Growth Index
