Emerging market countries are currently facing a dual challenge. How do countries incorporate transnational regulations into their societies, while building their own versions of regulatory capitalism? This raises a multitude questions and challenges.
Will the diffusion of international public and private regulations of developed countries, benefit a few and marginalize less developed countries? Or, can these regulations foster transnational public-private experiments to improve local regulatory capacities and social conditions? What kinds of strategies might facilitate or impede both transnational regulatory integration and local institutional upgrading?