Chapter

Multi-level Governance and Economic Policy

JONATHAN PERRATON and PETER WELLS

in Multi-level Governance

Published in print February 2004 | ISBN: 9780199259250
Published online April 2004 | e-ISBN: 9780191600968 | DOI: http://dx.doi.org/10.1093/0199259259.003.0011
 Multi-level Governance and Economic Policy

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Jonathon Perraton and Peter Wells explore the relevance of multi‐level governance for understanding economic policy‐making. They note that three general trends can be seen in this policy area in the last 50 years. First, the ceding of power to supranational institutions in the field of economic policy‐making. Second, the creation of subnational regional infrastructures that can often have economic policy‐making capacities. And, third, the adoption of new policy instruments by national governments that commonly involve partnership arrangements with the private sector. Perraton and Wells explore the relevance of multi‐level governance in relation to these trends and its relationship to approaches that are grounded in economics, notably fiscal federalism.

Keywords: economic policy; fiscal federalism; governance; multi‐level governance; partnership; policy instruments

Chapter.  7301 words. 

Subjects: Comparative Politics

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