POLISCI 359 Lecture Notes - Lecture 5: Basel Committee On Banking Supervision, Soft Law, Network Governance
1 Feb 2016
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Look at powerpoint from this week for final essay questions and information. How international institutions work: gatt/wto, imf. Represents a critical mechanism for how the global economy is. Really involves the participation of both state and non-state actors. Involves the participation of: usually not heads of state, regulatory agencies, business actors, civil society groups/ngos. Hard law coerces you to do something, there"s consequences if you don"t. Soft law doesn"t coerce, but instead tries to convince you; if don"t follow these standards however, there are still consequences but not as dire (you might be ostracized, etc. ) Ipe: global standards & transnational networks: obligations: harder law will have a higher degree of legal obligation, while softer law will have weaker or no legal obligation. Soft law is easier to achieve: provides strategies for dealing with uncertainty, infringes less on state sovereignty, states and non-state actors are often involved. Transnational standards are an example of soft law.
