Regulatory Convergence and Divergence in International Procurement Law: A Comparative Study of Institutional Evolution and Market Integration

Abstract

This review examines Regulatory Convergence and Divergence in International Procurement Law: A Comparative Study of Institutional Evolution and Market Integration, which explores the tension between harmonizing and fragmenting legal frameworks in global procurement. The review analyzes the book's comparative study of how procurement laws evolve across different jurisdictions, examining the influence of both international harmonization efforts and local legal traditions on procurement practices. The review highlights the book's discussion of institutional evolution in procurement law, tracing how global organizations like the WTO and UNCITRAL have shaped procurement policies while facing impediments from differences in legal traditions and economic interests. It covers the book's examination of market integration dynamics, where procurement laws serve as both facilitators and barriers to economic integration, particularly in emerging markets seeking to balance global standards with domestic priorities. Key areas addressed in the review include the political dimensions of procurement law, the legal complexities of cross-border contract enforcement and dispute resolution mechanisms, and the role of digital technologies in reshaping regulatory frameworks. The review also discusses the book's analysis of how developing economies navigate between international standards and local economic needs, and the challenges of enforcing procurement laws across diverse legal systems. The review concludes that the book provides essential insights for understanding how procurement law must balance global integration with local adaptation, advocating for flexible regulatory frameworks that accommodate both international cooperation and national sovereignty in the digital age.

Key Words: Regulatory convergence, institutional evolution, market integration, procurement law, legal harmonization