Business and transnational norm-building in post-Westphalian global politics
International Journal of Business Governance and Ethics, 2015, vol. 10, issue 3/4, 208-229
Political rules implemented by nation states limit the options of private enterprises to maximise profits. Globalisation has broken up the congruence between political and economic space; companies can evade political rules by using greater flexibilities of production, finance and marketing. The negotiation and implementation of international social and environmental standards have remained at best fragmentary - not only because of business resistance, but also because developing countries with few other locational advantages were afraid of losing competitiveness. On the other hand, business cooperates to attain minimum standards, preferably through voluntary action. Transnational corporations from emerging economies are increasingly integrated in global economic networks which tend to assimilate their normative orientations to those of global peers (attracting customers, winning political support, preventing others from exploiting low standards). This could support the socialisation of emerging economies into global norm-building processes.
Keywords: corporate social responsibility; CSR; globalisation; global society; hybrid norm-building; transnational authority; emerging powers; post-Westphalian global politics; socialisation; emerging economies. (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbget:v:10:y:2015:i:3/4:p:208-229
Access Statistics for this article
More articles in International Journal of Business Governance and Ethics from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Carmel O'Grady (). This e-mail address is bad, please contact .