Complexity and Regulatory Intelligence: Meta-Governance of Transformative Laws and Regulations
| Autor: | Turkeli, Serdar, Byttebier, K., van der Borght, K. |
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| Přispěvatelé: | Mt Economic Research Inst on Innov/Techn, RS: GSBE MORSE, RS: UNU-MERIT Theme 4 |
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Zdroj: | Economic and Financial Law & Policy – Shifting Insights & Values ISBN: 9783030926199 Law and Sustainability: Reshaping the Socio-Economic Order Through Economic and Technological Innovation, 6, 161-181 |
| DOI: | 10.1007/978-3-030-92620-5_6 |
| Popis: | In this chapter, I argue that globalization of economic activities of multinational companies that have not been in majority owned by multiple nationalities but only employing multinational workforce, attracting multinational corporate board members and financial investors has created regulatory, economic and voluntary challenges for localization of political and economic globalism worldwide. Although national level political, administrative, juridical institutions opened up local national markets through privatization, deregulation, intellectual property rights, and free trade laws, regulations and agreements; the regulatory deficiencies in creating local economic incentives and voluntary initiatives through strategic relational corporate laws, and the foreign ownership of the core productive means, in contradiction, have served a globalized techno-nationalism. Firstly, hit by the financial crisis, the competition among anti-competitive state aid-backed technologies ascended in the world market and caused degeneration in the implementation of competition laws, which is extended to trade laws, and thus foreign policies, hence the discussions for the populist relocation of production, techno-nationally advancing artificial intelligence and big data applications. These incompetent competition and trade laws and regulations for techno-nationalist products and services pave the way for the generic wage stagnation, thickening the gender-based wage differentials, as well as the CO2-embedded trade imports for high income and CO2 embedded exports for middle-income countries in the midst of democracy versus development debates. Laws and regulations are still challenged by a dual political economic risk embedded in offers for localization of supply, demand, distribution and financial solutions. By proposing a network of regulatory intelligence against the rise of populism at city level, techno-nationalist artificial intelligence and big data strategies without humanities knowledge, growing climate catastrophe markets for multinational companies and countries as an outcome of ongoing climate crime, and stiffening gender-based wage gap and basic income debates, this chapter offers a meta-governance framework for network of regulatory intelligence and transformative laws and regulations for sharing financing, data, knowledge, and power within and among cities to create and enable novel economic incentives and voluntary initiatives for self-organization and determination for individuals, connected cities and communities, and global societal political economic sustainability. |
| Databáze: | OpenAIRE |
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