On 19 November 2019, the IILJ and its MegaReg project held the New York launch of MegaRegulation Contested: Global Economic Ordering After TPP, its newest publication with Oxford University Press. Robert O. Keohane (Professor of International Affairs, Princeton University) and Katharina Pistor (Edwin B. Parker Professor of Comparative Law and Director, Center on Global Legal Transformation at Columbia Law School) joined editors Benedict Kingsbury, David Malone, Richard Stewart, and Thomas Streinz for a conversation about megaregulation and the future of global economic governance.
ABOUT THE BOOK
The Japan-led Trans-Pacific Partnership (CPTPP) of 2018 is the most far-reaching ‘megaregional’ economic agreement in force, with several major countries beyond its eleven negotiating countries also interested. Still bearing the stamp of the original US involvement before the Trump-era reversal, TPP is the first instance of ‘megaregulation’: a demanding combination of inter-state economic ordering and national regulatory governance on a highly ambitious substantive and trans-regional scale.
Megaregulation Contested: Global Economic Ordering After TPP provides an extensive analysis of TPP as a megaregulatory project for channelling and managing new pressures of globalization, and of core critical arguments made against economic megaregulation from standpoints of development, inequality, labour rights, environmental interests, corporate capture, and elite governance.
At a time when the WTO and other global-scale institutions are struggling with economic nationalism and geopolitics, and bilateral and regional agreements are pressed by public disagreement and incompatibility with digital and capital and value chain flows, the megaregional ambition of TPP is increasingly important as a precedent requiring the close scrutiny this book presents.