In a pioneering article and subsequent book, Brian Levy and Pablo Spiller thought through the implications of the new institutional economics for the theory and practice of regulatory reform. A key insight was that in order to attract investment and promote efficiency, reforms must be aimed at...

This article seeks to explain the development of telecommunications and electricity regulation in Jamaica and Trinidad and Tobago. Across countries and sectors, there has been a degree of privatization and regulatory reform, although the extent of these changes has varied across countries and...

This article considers the reform of telecommunications regulation in three Caribbean countries, Jamaica, Trinidad and Tobago, and Barbados, as they responded to changes in the international regulatory environment and specific domestic challenges. The three countries also adopted strategies to...

This paper points to the centrality of the infrastructure industry in the study of regulation, in general, and the regulatory state, in particular. It progress in three steps. First, it considers the particular attributes that make infrastructure industries a unique site for the exploration of...

Cultural theory has attracted considerable interest in the study of risk regulation. There has, however, been a lack of a systematic interest in its claims and in methodological issues. In this paper, we present seven claims that are either directly drawn from central claims of cultural theory...

Mega-events such as the Olympic Games and the football World Cup represent a special venue for the practice of risk management. This paper explores management of security risks in the case of two sporting mega-events, the London 2012 Olympic Games and the FIFA 2006 World Cup in Germany. The...

As we write, the world is still in the grips of a financial crisis. Germany was one of the first countries to bail out a bank in July 2007. Then, in September 2007, the United Kingdom (UK) witnessed a run on a building society, Northern Rock, and the subsequent widespread nationalization of its...

Open Method Co-ordination (OMC) has been treated in the literature as the Lazarus of European integration. Developed at the Lisbon Summit, it has led to the reincarnation of the European Union, both in terms of what it does and how it does it. No longer is the European Union to be centred around...

Globalisation is said to have diminished the capacity of states to regulate their economies. However, while a body of doctrine has developed concerning the need for capable, independent regulation, there is relative paucity of theoretical discussion concerning the nature of state regulatory...