Journal Article

Law, expertise and legitimacy in transnational economic governance: an introduction

Sigrid Quack

in Socio-Economic Review

Published on behalf of Society for the Advancement of Socio-Economics

Volume 8, issue 1, pages 3-16
Published in print January 2010 | ISSN: 1475-1461
Published online November 2009 | e-ISSN: 1475-147X | DOI: http://dx.doi.org/10.1093/ser/mwp029
Law, expertise and legitimacy in transnational economic governance: an introduction

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  • Moral Philosophy
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The increasing relevance of transnational governance for the regulation of cross-border economic relations in many public policy fields has given rise to debates about its legitimacy. This paper provides an introduction to normative and empirical approaches and suggests to bridge between them by exploring normative perspectives through the views and strategies of actors practically involved in transnational governance. Based on a synthesis of contributions from different fields of transnational governance, it is suggested that a perceived lack of fit between the regulators’ legitimacy claims and the addressees’ expectations, if expressed as protest and criticism by the latter, can lead transnational governance institutions to adjust to demands for more inclusiveness, expertise and procedural fairness. However, the rising level of expertise required from participants, stakeholders and publics to meet normative criteria for greater participation and procedural fairness creates new and yet unresolved problems.

Keywords: globalization; governance; institutions; norms; law; legalisation; A13 relation of economics to social values; F02 international economic order; F55 international institutional arrangements

Journal Article.  4871 words. 

Subjects: Moral Philosophy ; Corporate Social Responsibility ; Welfare Economics ; Political Economy ; Economic Sociology

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