I nuovi centri di regolazione dell'economia

The paradigm of network has shaped the global regulatory regimes as well as the setting of the communitarian order. These processes have developed according to a polycentric and multi-level approach which results in scattering the allocation of powers among a large number of entities. The paper assumes that the evolution of regulatory strategies and the emergence of new bodies deal with both the difficulties of making decisions in conditions of increasing uncertainty and the renewed shortcomings in the governance architecture. In this perspective the first part of the paper shows that first of all the network model has shaped the establishment and the evolution of the global regulatory regimes and, secondly, how the same model had been a key element in building the EU single market. The second part is addressed to assessing how the institutional architecture of the markets, such as the financial and energy markets, is becoming more and more complex and whether we are facing an ongoing trend towards an increasing centralisation of powers. In the last part, the key point deals with whether and how the integration models in the different markets have driven changes in the networks and in the entities embodying them and therefore whether such changes represent a ‘twist’ in the traditional model “in the shadow of hierarchy” only or whether they predict a new model of relations among different actors.