The challenge is even greater because some regulatory agencies must be multilateral, or at least intergovernmental, given the global nature of much economic activity. The difference and the distance between markets and politics must be clear –&#160;and, for the sake of both effectiveness and legitimacy, it must be based on rules that are well understood and on popular consent.
全球化和金融及其它市场的日益复杂使得有必要阐明私人经济活动、政策决策和监管的定义。考虑到大部分经济活动的全球化，一些监管机构必须是多边的、至少是政府间的，这就给我们带来了更大的挑战。市场和政治之间的差别和距离必须划定清楚的界线——而且为了有效性和合法性，这一切必须基于那些能充分得到民众认同并能被理解的规则之上。