The World Bank Legal Review 3 (2011)

Introduction: Global Administrative Law in the Institutional Practice of Global Regulatory Governance

Benedict Kingsbury

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Long-term changes in the nature of global political and social order include the use of increasingly fine-grained regulatory arrangements intended to overcome collective action problems and market failures and to take advantage of global cooperation. Although framing the changes in these politico-economic terms suggests that the key drivers are the maximization by each actor of achievement of its own (self-defined) interests within the constraints of the prevailing constellation of power, any global order model must also address values conflicts and cultural diversity, on the one hand, and the implications of dramatic but shifting inequalities of power, on the other.