Dowdle, Michael2013-03-072013-03-072011http://hdl.handle.net/10625/50791Chapter IThe chapter looks at patterns in economic development and the rise of independent regulators and the regulatory state model. The author argues that development is shaped primarily by transnational factors and not by domestic factors, tracing the “regulatory logic of the periphery” in terms of geography as well as public and private regulation. The regulatory state is both the product of, and remains dependent on the experience of industrialization. Regulatory agencies administer the objective law and need to be perceived as administering that law in a neutral manner. The world’s first independent regulatory agency was the Interstate Commerce Commission (ICC) in 1887.1 digital file (42 p.)application/pdfenINDUSTRIALIZATIONADMINISTRATIVE LAWGOVERNANCEECONOMIC DEVELOPMENTCOMPETITIVESSREGULATIONPRIVATIZATIONCIVIL SOCIETYINSTITUTIONAL FRAMEWORKCOLONISATIONDEVELOPMENT THEORYGLOBAL SOUTHBook Chapter