Technocratic Governance Without Deliberation? –Yane Svetiev on Peer Review in Financial Regulation
As the world becomes increasingly interconnected, our lives are increasingly influenced by decisions made outside our national constituencies. Today, government actionsare likely to affect many people who never participated in elections in which the government in question ran for office. This applies to various policy areas but seems especially true in the financial sphere. As the financial crisis in the late 2000’s has shown, the absence of governmental oversight regardingfinancial activities in a country can have consequences far beyond its borders.One mechanism to address this is…
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