We are in the midst of a major power transition in the world economy and the governance of global markets. Over the past twenty years, China, India, and Brazil have gone from being large but mostly poor to being major powers in the world economy. Having developed substantial regulatory capability and capacity, they are also now in a position to challenge the traditional predominance of the United States and the EU in setting the rules for global markets. The project, on which this presentation is based, starts from -- and substantially further develops -- power transition theory to understand the consequences of these changes. The resulting modified power transition theory yields differentiated hypotheses about the conditions under which a major power transition will lead to conflict and breakdown in the global order or cooperation and accommodation. Tim Büthe will present the theoretical framework (developed jointly with Sandra Lavenex (Zurich) and Omar Serrano (Munich and St. Gallen)), then provide an overview of the findings from the project, forthcoming as a special issue of Regulation & Governance, in which a multidisciplinary, multinational group of authors/contributors examines the consequences of the rise of China, India and Brazil for multiple specific aspects of global market governance, including labor rights and labor mobility, intellectual property norms, public procurement rules, competition policy, and trade finance.
Tim Büthe is a professor of political science and public policy at the Hochschule für Politik/School of Governance of the Technical University of Munich (TUM), where he also holds the Chair for International Relations, as well as a founding member of Duke University's Rethinking Regulation project and a non-resident senior fellow at the Kenan Institute for Ethics.
His teaching and research focuses on the role of institutions in the international and comparative political economy. He’s interested, above all, in how institutions enable and constrain actors, how domestic and international institutions interact, and why institutions change or persist. Most of his research focuses on regulatory politics in the global economy, including the political and economic causes and consequences of antitrust/competition law and policy, as well as non-tariff barriers to trade, foreign direct investment, business partisanship, and the allocation of foreign aid by humanitarian and development NGOs.
Tim Büthe's work has appeared in the American Political Science Review, the American Journal of Political Science, International Organization, World Politics, Law & Contemporary Problems, Governance, and various other journals, as well as in The New Global Rulers: The Privatization of Regulation in the World Economy (Princeton University Press, 2011, co-authored with Walter Mattli; ISA best book award). His work has been recognized with several awards, including the 2017 David Collier Mid-Career Achievement Award of the APSA's section for Qualitative and Multi-Method Research and the 2013 Best Book Award of the International Studies Association. He has held postdoctoral fellowships at Harvard, Stanford, and UC Berkeley/UCSF.