Regulation and Reform: Analysis and Policy
- To provide students an understanding of regulatory governance, and some of the recent developments in it, and their strengths and weaknesses. Critically engage with the regulation literature and the arguments for and against particular kinds of regulatory reform; also be able to critically assess the language and ideology of regulation and its relationship to politics
- Make your own arguments about regulation that draw on particular cases of regulatory reform, or changes in regulatory settings, and present these arguments in the proper academic form
- Understand the case and comparative and historical literature on regulatory reform, with a particular focus on EU and (to a lesser extent the United States) and participate in class discussions relating to it.
- Students will gain a broad understanding of regulatory governance and the historical context in which it emerged.
- Students will gain an understanding of the history of deregulation, the consequent need for re-regulation and some of the paradoxes of deregulation
- Here students will understand Better and Smart Regulation, their main principals and characteristics, and the historical context in which they emerged
- Students will gain an understanding of Regulatory Impact Assessments, their role in Better Regulation, and their strengths and weaknesses
- Students here will gain a deeper understanding of regulatory governance through case studies of environmental regulation in the EU
- Students will gain a deeper understanding of poly-centric and de-centred conceptualisations of regulation
- Students will learn about bottom-up forms of regulatory input and intervention
- Through examining the (weak) responses to the GFC, students will gain insights into vulnerabilities and path dependencies of the political economy of regulation in the core states in which regulation emerged.
- Introduction to Regulation and the Regulatory StateIntroduces the main themes of regulatory governance and their relationship to the rise of the regulatory state
- Deregulation and its ParadoxesExamines the relationship between regulatory governance with deregulation
- Smarter or Better regulation: justifications and theories.Introduces and examines the rise of Smart and Better Regulation, its emergence in the UK and adoption by the EU
- Assessing the Impact of Better regulationIntroduces Regulatory Impact Assessments and their role in Better Regulation
- Better Regulation in the EU: environmental casesAfter having introduced Better Regulation and RIAs, this section examines concrete cases of environmental regulation in the EU
- Regulation Beyond the StateThe current emphasis on 'governance' rather than government reflects the widespread belief that in the modern world there is a plurality of actors that contribute to the business of managing economic and political life. This case has been made on analytic grounds -- that is, an observation that what were previously considered the responsibilities of the state are now shared by a number of other actors. But it is also made on normative grounds -- that is, that the diversification of government responsibilities is desireable given the complexities and ever-changing conditions of modern economic and political life. Similarly, regulation is often conceived as co-managed by other economic and administrative players; that it has become 'decentered'. In this topic we examine some of the ways that regulation is shared among other actors and the emergence of a 'post-regulatory' state.
- Regulation from below – cases of participatory policy-makingIn the previous topic we examine some arguments behind providing non-state actors with regu-latory powers (or allowing some form of self-regulation). In this topic, we examine the possibil-ity and the problems with extending regulatory powers to the citizenry. Citizen participation (and allied notions participatory democracy and governance) have generated enormous interest in recent years as a way of improving governance processes - of making governments more re-sponsive and accountable. Here we examine some ways that citizens can intervene in the business of regulation - some of the promises and problems that this creates.
- Regulation in an Age of CrisisThe global economy has still arguably failed to shake off the after effects of the 2008 Global Financial Crisis. Weak financial regulations is often identified as one of the causes of the crisis - an interpretation that has renewed interest in regulation in general, and financial regulation in particular. On the back of the GFC crisis, the Covid-19 pandemic has created challenges for the modern regulatory state. In this final topic we consider some of the consequences of the crisis for regulation - what we have learnt from these ongoing crises, and what are some of the regulatory solutions that have been proposed to remedy the challenges of the modern regulatory state.
- Interim assessment (2 module)0.2 * Class participation + 0.5 * Essay + 0.3 * Presentation
- Majone, G. (2002). Delegation of Regulatory Powers in a Mixed Polity. European Law Journal, 8(3), 319–339. https://doi.org/10.1111/1468-0386.00156
- Kai Wegrich. (2011). Regulatory Impact Assessment: Ambition, Design and Politics. Chapters. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.h.elg.eechap.13210.29