International Economic Regulation - LW859

Location Term Level Credits (ECTS) Current Convenor 2018-19
(version 2)
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7 20 (10) PROF HJC Schepel







The module is designed to operate on two fundamental principles: it is interdisciplinary and it is research-led. This has the following implications for the curriculum:
a. Though the module runs under the responsibility of KLS, Pol/IR staff at BSIS will make a significant contribution to the module.
b. The module draws extensively from material from legal sociology, political theory, international relations, political economy and other disciplines.
c. The module is designed to offer, during the first six weeks, a solid theoretical foundation to the study of law and governance in a global economy; the remainder of the course will allow time and flexibility for staff to present a number of 'case studies' resulting from their own research.

Theoretical approaches:
1. The social embeddedness of markets and law: Durkheim and Gurvitch.
2. The theory and practice of legal pluralism: from Ehrlich to Teubner.
3. Systems theory, law and globalisation: Luhmann and Willke.
4. Discourse theory to the test of globalisation: Habermas.
5. Bourdieu and the theory of 'legal fields.'
6. Constitutive approaches to norms and compliance in systems of diffuse authority
7. Globalisation, governance and the revival of corporatism.

Examples of 'case studies' would include:
  • Market integration and polity building: lessons from the European Community
  • 'Constitutionalisation' in International Relations
  • Towards a global administrative law?
  • Risk: legal and political responses to the 'global risk society.'
  • Product safety: health and safety standards in public and private law.
  • Disaggregating the state: the implications of international regulatory co-operation
  • National and international law in the regulation of money laundering
  • The Ordoliberal Privatrechtgesellschaft and the legal conceptual underpinnings of the social economy in Germany and the European Community.
  • Globalisation and the regulation of communications media
  • Technology regimes
  • Details

    This module appears in:


    Autumn Term

    Method of assessment

    The module will be assessed by an essay of 4000-5000 words on a subject to be chosen in consultation with the module convenor.

    Indicative reading

    John Braithwaite, Regulatory Capitalism (Elgar 2009)
    Tim Büthe & Walter Mattli, The New Global Rulers-The Privatization of Regulation in the World Economy (Princeton UP 2011);
    Gralf-Peter Callies and Peer Zumbansen, Rough Consensus and Running Code: A Theory of Transnational Private Law (Hart Publishing 2012)
    Sol Picciotto, The Regulation of Global Corporate Capitalism (Cambridge UP 2011)

    See the library reading list for this module (Canterbury)

    See the library reading list for this module (Medway)

    Learning outcomes

    After completing the module successfully, students will be able to:
    - Demonstrate familiarity with the major theoretical approaches to legal regulation of integrating markets from different disciplines;
    - Understand the normative and constitutional dimensions of market regulation;
    - Show an appreciation of the dilemmas of legal regulation of economic processes caused by the loss of congruence of political and social spaces;
    - Recognise the implications of the shift from 'government' to 'governance' in political sociology and law;
    - Bring to bear insights from political theory, sociology and law on the study of current issues of globalisation and privatisation;
    - Appreciate the potential and the limits of law and legal institutions in the regulation of the international economy and society.
    - Analytical thought and writing: reflect upon complex ideas and arguments; digest, analyse and test scholarly views; relate scholarly ideas and arguments to issues and circumstances in the contemporary global political economy; summarise and analyse scholarly arguments in writing
    - Advocacy and defence: formulate an opinion in response to an issue or question, construct coherent and persuasive arguments to advocate one's view and defend that view against criticism
    - Communication and presentation skills: prepare oral and written presentations of information and viewpoints to peers; respond to comment and criticism from peers; lead and manage group discussion
    - Problem-solving: respond at short notice to questions and challenges making use of knowledge, analytical tools and perspectives acquired in the module

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