7. 1. 1 Research Question The electricity sector has undergone and continues to experience a fundamental transformation. Liberalization, deregulation and re-regulation have spread around the world, which has led to a far-reaching restructuring of the sector. In Europe, this trend has been reinforced by a European Union (EU) directive adopted in 1996. This directive alone, however, cannot suf ciently explain how and why most co- tries, some of them not members of the EU, decided to liberalize their electricity sectors. First, the directive gave large leeway to the member states about how to...

7. 1. 1 Research Question The electricity sector has undergone and continues to experience a fundamental transformation. Liberalization, deregulation and re-regulation have spread around the world, which has led to a far-reaching restructuring of the sector. In Europe, this trend has been reinforced by a European Union (EU) directive adopted in 1996. This directive alone, however, cannot suf ciently explain how and why most co- tries, some of them not members of the EU, decided to liberalize their electricity sectors. First, the directive gave large leeway to the member states about how to...

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...