Key Concepts in Governance provides a clear introduction to the technical concepts and policies of contemporary governance through short definitional essays. Each entry features a snapshot definition of the concept, a contextualization of the concept, an overview of relevant debates, and a guide to further reading. The book also includes a substantial introductory chapter which gives an overview of governance studies as a whole, orientating and guiding the reader around the issues that the concepts address.
Regulation refers to the state's attempts to monitor (and thus direct) conduct. It gives rise to rules that structure the behavior of individuals and groups in a state's domain. As we will see, some observers believe that the new governance has brought the rise of a new regulatory state and perhaps also a new emphasis on self-regulation.
The term ‘regulation’ appears in various contexts. Nonetheless, most uses of the term share a common structure: a subject (e.g. the state or a specialized agency) regulates an object (e.g. the economy, firms, or citizens) by means of certain instruments (e.g. laws or norms). In political economy, the state can impose specific rules to govern the micro-level conduct of firms and individuals, or, alternatively, the state can make broad ...