Regulatory regionalism and anti-money-laundering governance in Asia

With the intensification of the Financial Action Task Force's (FATF's) worldwide campaign to promote anti-money-laundering regulation since the late 1990s, all Asian states except North Korea have signed up to its rules and have established a regional institution—the Asia/Pacific Group on Money Laundering—to promote and oversee the implementation of FATF's 40 Recommendations in the region. This article analyses the FATF regime, making two key claims. First, anti-money-laundering governance in Asia reflects a broader shift to regulatory regionalism, particularly in economic matters, in that its implementation and functioning depend upon the rescaling of ostensibly domestic agencies to function within a regional governance regime. Second, although this form of regulatory regionalism is established in order to bypass the perceived constraints of national sovereignty and political will, it nevertheless inevitably becomes entangled within the socio-political conflicts that shape the exercise of state power more broadly. Consequently, understanding the outcomes of regulatory regionalism involves identifying how these conflicts shape how far and in what manner global regulations are adopted and implemented within specific territories. This argument is demonstrated by a case study of Myanmar

Globalization and Market Governance: Chinese Capitalism in Comparative Perspective

Video of full lecture with presentation slides edited into the video.Professor Roselyn Hsueh, Associate Professor of Political Science, Temple University - Scholars debate how and why China’s globalization and development trajectory varies from India and Russia, other developing countries of comparable size and similar timing of global economic integration. This talk questions conventional wisdom that variation in regime type and subnational characteristics explains different models of development in the context of globalization. Rather, mediating the impact of economic liberalization on development is the nature of market governance, which varies by nation and sector within country. Dominant national sectoral patterns of market governance are a function of the values and identities of political economic elites, existing organization of institutions, and structural sectoral attributes.Cornell East Asia Program1_py2zygk