Global Rules and Private Actors: Toward a New Role of the Transnational Corporation in Global Governance

2006 ◽  
Vol 16 (4) ◽  
pp. 505-532 ◽  
Author(s):  
Andreas Georg Scherer ◽  
Guido Palazzo ◽  
Dorothée Baumann
Keyword(s):  
Global Governance ◽  
Global Economy ◽  
Corporate Citizenship ◽  
Transnational Corporation ◽  
Political Activity ◽  
Business And Society ◽  
Corporate Political Activity ◽  
The Social ◽  
Private Actors

Abstract:We discuss the role that transnational corporations (TNCs) should play in developing global governance, creating a framework of rules and regulations for the global economy. The central issue is whether TNCs should provide global rules and guarantee individual citizenship rights, or instead focus on maximizing profits. First, we describe the problems arising from the globalization process that affect the relationship between public rules and private firms. Next we consider the position of economic and management theories in relation to the social responsibility of the firm. We argue that instrumental stakeholder theory and business and society research can only partially solve the global governance issue, and that more recent concepts of corporate citizenship and republican business ethics deliver theoretically and practically helpful, fresh insights. However, even these need further development, especially with regard to the legitimacy of corporate political activity.

scholarly journals The International Labour Organisation (ILO) as an actor of global governance: sufficiently involved to help overcome 1the latest financial and economic crisis?

2017 ◽  
pp. 109
Author(s):  
Jordi Bonet Pérez
Keyword(s):  
Social Justice ◽  
Global Governance ◽  
Global Economy ◽  
Social Dimension ◽  
Decent Work ◽  
International Labour Organisation ◽  
The Social ◽  
United Nations System ◽  
Institutional Architecture

<p>This article focuses on the analysis of the role of the International Labour Organization (ILO) in the current global governance, analysing its interaction with the main actors of governance and the involvement of the ILO itself as a current actor in global governance. It has taken into account for this writing both the historic role played by the ILO in the international institutional architecture since its creation in 1919 (today as a part of United Nations System), and the relevance it may have now seeking social justice in a global economy still governed by neoliberal principles. The question is whether social justice can be accommodated between these principles and if the main actors of global governance are really willing to strengthen the social dimension of globalization in times of crisis. The formal inclusion of some of the proposals of the ILO among those that seek to define the terms of post-crisis global governance (for example, the decent work strategy) cannot be overly optimistic even be considered a positive step.</p><p><strong>Published online</strong>: 11 December 2017</p>

scholarly journals Analysis of the Influence of TNCs on the Economy of Developing Countries and Countries with Economies in Transition

2021 ◽  
Vol 8 (3) ◽  
pp. 34-62
Author(s):  
F. Jorubova
Keyword(s):  
Developing Countries ◽  
Complex Network ◽  
Global Economy ◽  
Transnational Corporation ◽  
Foreign Direct Investments ◽  
Critical Factors ◽  
Economies In Transition ◽  
International Production

Formation and expansion of TNCs, particularly in developing countries and countries with economies in transition, is primarily due to a complex network of international production and localisation activities on promising markets at the expense of foreign direct investments (Fdi). These processes every year is increasingly becoming one of the key components of the global economy. Tasks of this paper are to describe the nature and content of the concept of “transnational corporation”, to identify critical factors and characteristics of the modern transnational business in developing countries, countries with economies in transition, and to consider the place and role of TNCs in developing countries and countries with economies in transition.

Economics and politics in 2019–2020: Global challenges and national answers

2020 ◽  
pp. 5-27 ◽  
Author(s):  
Vladimir A. Mau
Keyword(s):  
Economic Policy ◽  
National Security ◽  
Global Economy ◽  
Global Trends ◽  
Political Consequences ◽  
Security Issues ◽  
Global Challenges ◽  
The Social ◽  
Economics And Politics

The paper deals with the key challenges of global economy and their application to current Russian development. The main topics are the following: emerging etatism and populism, social and economic polarization, increasing role of national agendas versus the global one, domination of national security issues over economic policy, and the social and political consequences of technological shift towards digitalization. Prospects, character, and sources of future economic crisis are also under consideration. Global trends form the basis for the analysis of Russian economic policy.

The Role of Regional Organisations in Economic Growth Among Developing Countries: A Case of the Af DB

2021 ◽  
pp. 097492842110271
Author(s):  
Israel Nyaburi Nyadera ◽  
Ugur Yasin Asal ◽  
Billy Agwanda
Keyword(s):  
Global Governance ◽  
Global Economy ◽  
Development Bank ◽  
Governance System ◽  
African Development Bank ◽  
Regional Organisations ◽  
Traditional Institutions ◽  
Alternative Approaches ◽  
Changing Role

This article seeks to examine how regional organisations in Africa are responding to the growing call for them to provide alternative approaches and models of economic development in the continent. The study interrogates the role of the African Development Bank (AfDB) as an agent of a changing global governance system and an emerging leader in Africa’s development journey. The article begins by reflecting on the debate of a decline in global governance; it looks at Africa within the global economy and examines the organisational structure, contributions and changing role of the AfDB since its inception. It concludes that the AfDB finds itself in a unique position of trust among donors and African states at a time when traditional institutions are becoming less popular. It recommends AfDB adopt a number of reforms needed to help it maximise its impact on the continent.

The Role of Organizational Learning Orientation on Corporate Political Activity

2020 ◽  
Vol 2020 (1) ◽  
pp. 18305
Author(s):  
Izuchukwu Evans Mbaraonye ◽  
Varkey Titus ◽  
Mirzokhidjon Abdurakhmonov
Keyword(s):  
Organizational Learning ◽  
Political Activity ◽  
Learning Orientation ◽  
Corporate Political Activity

The Politics of Innovation Policy: Building Israel’s “Neo-developmental” State

2020 ◽  
pp. 003232922094552
Author(s):  
Erez Maggor
Keyword(s):  
Innovation Policy ◽  
Public Investment ◽  
Historical Analysis ◽  
Developmental State ◽  
High Tech ◽  
Social Actors ◽  
Subsequent Transformation ◽  
The Social ◽  
Private Actors

This article contributes to an emerging literature on the “neo” or “entrepreneurial” developmental state that emphasizes the role of innovation policy in promoting the structural transformation of industry. It finds further evidence that supports this approach and advances it by making two unique contributions. First, it highlights an essential yet underappreciated feature of contemporary innovation policy: the state’s capacity to condition public assistance and discipline private firms that do not adhere to government guidelines. These capacities are necessary to guarantee that the benefits of public investment in innovation—the social and economic spillovers—are not appropriated by private actors but shared more broadly within society. Second, it highlights that politics—reflected in the relations between innovation agencies and key social actors—represents an important causal factor in both the formation and subsequent transformation of these institutional capacities. These points are illustrated through a historical analysis of a crucial case: the state-led development of Israel’s thriving high-tech sector.

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