The developmental state in global regulation: economic change and climate policy

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Series Title
Series Details Vol.24, No.1, March 2018, p58-81
Publication Date March 2018
ISSN 1354-0661
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Abstract:

What are the origins of global regulation? This article proposes that the developmental state — the state investing in economic development — can be a source of global environmental regulation. Through industrial policy, the developmental state can promote structural economic change in polluting sectors that supports global regulatory policy in two ways: first, providing state support to green industries creates economic interests in support of global regulation; and, second, driving down the cost of technology through government subsidies alters the pay-offs of global cooperation for other states.

This article examines the two mechanisms in the case of climate change: the global leadership of the European Union; and international cooperation on the Paris Agreement. The argument advances our theory of the state in global regulatory politics as both a developmental and a regulatory force. This article identifies significant scope for the developmental strategies of major economies to change the interest and cost structures of polluting sectors to support global environmental regulation.

Source Link Link to Main Source https://doi.org/10.1177/1354066117700966
Related Links
ESO: Paris Climate Change Conference, November-December 2015 http://www.europeansources.info/record/paris-climate-change-conference-november-december-2015/

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