A Public Role for the Private Sector: Industry Self-Regulation in a Global Economy (Google eBook)

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Carnegie Endowment, Jan 25, 2013 - Business & Economics - 160 pages
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Increasing economic competition combined with the powerful threat of transnational activism are pushing firms to develop new political strategies. Over the past decade a growing number of corporations have adopted policies of industry self-regulation --corporate codes of conduct, social and environmental standards, and auditing and monitoring systems. A Public Role for the Private Sector explores the phenomenon of industry self-regulation through three different cases --environment, labor, and information privacy --where corporate leaders appear to be converging on industry self-regulation as the appropriate response to competing pressures. Political and economic risks, reputational effects, and learning within the business community all influence the adoption of a self-regulatory strategy, but there are wide variations in the strength and character of it across industries and issue areas. Industry self-regulation raises significant questions about the place of the private sector in regulation and governance, and the accountability, legitimacy and power of industry at a time of rapid globalization.

  

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Contents

introduction
1
chapter 1
7
chapter 2
31
chapter 3
53
chapter 4
81
chapter 5
105
notes
123
references
137
index
147
author bio
159
Copyright

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Page xii - MNC Multinational Corporation NAFTA North American Free Trade Agreement NGO Nongovernmental Organization OECD Organization for Economic Cooperation and Development...
Page xii - ICFTU International Confederation of Free Trade Unions ILO International Labor Organization IMF International Monetary Fund...
Page 138 - Multinational Corporations as Agents of Chance: The Globalization of Intellectual Property Rights," in Private Authority and International Affairs, ed. A. Claire Cutler, Virginia Haufler, and Tony Porter (Albany: State University of New York Press, 1999), 177. 45. Ibid. 46.Destler, American Trade Politics, 12-15. 47. Bruce Stokes, "A Geoeconomic Strategy for the 21st Century," in Trade Strategies for a New Era, ed.
Page 8 - Still others may be umbrella agreements for consensus building in preparation for more specific regulation.

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About the author (2013)

Virginia Haufler directed the Project on the Role of the Private Sector in International Affairs at the Carnegie Endowment. She is an associate professor at the University of Maryland, College Park.