Globalization and Governance at National and International Levels
Political steering research has long concentrated on Western nation-states. While increasing Europeanization and globalization have changed the conditions under which nation-states achieve policy goals, new international and transnational regulatory structures have emerged. In the course of this development, the paradigm of political steering has been successively replaced by the concept of governance - i.e. the cooperative coexistence of hierarchical and non-hierarchical forms of regulation, and of state and non-state actors. The questions posed by this shift were first addressed in three empirically oriented subprojects, each examining a different issue. They have all fed into a larger theoretical investigation, "From Political Steering to Governance." The first subproject, "Change in Government’s Capacity to Perform," systematically analyzed secondary literature. The second dealt with the governance structures of three economic sectors with different degrees of internationalization: tourism, telecommunication, and pharmaceuticals. The third looked at changes in the governance of large technical systems. The results of all three projects were published in early 2009 in a collection of essays on steering and governance. In 2009, a network comprising twenty-two social scientists from six different countries was formed to examine the changes in financial market regulation that occurred as a response to the financial crisis. The findings were published in early 2012. Ongoing research is looking at the effects that sovereign debt and the euro crisis are having on financial market regulation. It analyzes lessons the financial market crisis holds for governance theory, the effects coping efforts will have on institutions of financial governance, and the action capacity of nation-states.
Mayntz, Renate, 2005: Governance Theory als fortentwickelte Steuerungstheorie. In: Gunnar Folke Schuppert (Hg.), Governance-Forschung: Vergewisserung über Stand und Entwicklungslinien. Baden-Baden: Nomos, 11-20.
Mayntz, Renate, 2009: Über Governance: Institutionen und Prozesse politischer Regelung. Frankfurt a.M.: Campus.
Mayntz, Renate (ed.), 2012: Crisis and Control: Institutional Change in Financial Market Regulation. Frankfurt a.M.: Campus