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

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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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First to leave a global econemy without structure is the dumbest thing I've ever heard of in my whole entirety, and to think the heirarchal structure will not somehow come out
from nothing is even dumber it just will leave YOU without a pot to piss in or in othe wORds a seat of power..
ITS positional time place and whom is doing the best during this particular point of ∆mx±. so here comes scareface the dictator who is doing great but kbow nithing of economic structure or reacting consequence to the changing positive vs negative wich is both positive and negative depending on what stance you take because if the position youre in.

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I recently came across your article and found very useful information and analysis in the field of CSR.i
i have in the past headed two international organisations LEAD and United Nations Global
Compact Network,India.
The issues are thereforeclose to my heart.
I am exploring a related domain regarding Perceptions of the NGO s in India .
Pragya Varma


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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 8 - Still others may be umbrella agreements for consensus building in preparation for more specific regulation.

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.