In april 2009 as the global financial crisis was quickly deepening the leaders of the g 20 group of industrialized and developing nations met in london to take urgent steps to prevent a further downward spiral of the world economy and avert a new great depression. The new global rulers the privatization of regulation in the world economy 136 likes global private regulation who wins who loses and why. Over the past two decades governments have delegated extensive regulatory authority to international private sector organizations this internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets but also by the . Over the past 20 years private global organizations such as the international accounting standards board the international organization for standardization and the international electrotechnical commission have taken on the task from national governments. The new global rulers the privatization of regulation in the world economy 136 likes global private regulation who wins who loses and why
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