Making Global Self-Regulation Effective in Developing Countries

Making Global Self-Regulation Effective in Developing Countries

by Dana L. Brown
     
 

ISBN-10: 0199234639

ISBN-13: 9780199234639

Pub. Date: 12/02/2007

Publisher: Oxford University Press

As companies 'go global' they increasingly use factories and facilities spread across the world. But who regulates their activities in far flung corners of the world economy? In many sectors such as textiles and apparel, chemicals, and forestry, the answer is that companies regulate their own behavior through codes and standards which they agree among themselves.

Overview

As companies 'go global' they increasingly use factories and facilities spread across the world. But who regulates their activities in far flung corners of the world economy? In many sectors such as textiles and apparel, chemicals, and forestry, the answer is that companies regulate their own behavior through codes and standards which they agree among themselves. The recent growth in corporate self-regulation of labor, environmental and financial practices has attracted the attention of scholars who have detailed the number and content of self-regulatory efforts in various sectors. Missing so far, however, has been an analysis of the effectiveness and impact of self-regulation. Does self-regulation actually work and under what conditions is it most likely to be effective? The answer to this question is particularly important for developing countries where corporate self-regulation is often seen as substitute for weak governance structures.

The chapters in this volume evaluate the effectiveness of self-regulation compared to other forms of global regulation. Across sectors and states, corporate self-regulation works best when those who are regulated have a voice in deciding the content of codes and standards and when some mechanism of compliance exists at the level of the state. Unfortunately, opportunities for voice and state capacity for regulation are often lacking in developing countries. Given this, the book suggests some minimal forms of government action and participation by global actors that can make global corporate self-regulation more effective in bettering conditions in the developing world.

Product Details

ISBN-13:
9780199234639
Publisher:
Oxford University Press
Publication date:
12/02/2007
Pages:
240
Product dimensions:
9.30(w) x 6.30(h) x 0.90(d)

Table of Contents


List of Figures     vii
List of Tables     viii
List of Contributors     ix
Introduction   Dana L. Brown   Ngaire Woods     1
Making Corporate Self-Regulation Effective in Developing Countries   David Graham   Ngaire Woods     6
Do Voluntary Standards Work Among Governments? The Experience of International Financial Standards in East Asia   Andrew Walter     32
Do Voluntary Standards Work Among Corporations? The Experience of the Chemicals Industry   Michael Lenox     62
Making Disclosure Work Better: The Experience of Investor-Driven Environmental Disclosure   Robert Repetto     78
Bringing in Social Actors: Accountability and Regulation in the Global Textiles and Apparel Industry   Dara O'Rourke     113
Responsive Regulation and Developing Economies   John Braithwaite     149
Using International Institutions to Enhance Self-Regulation: The Case of Labor Rights in Cambodia   Sandra Polaski     175
Local Politics and the Regulation of Global Water Suppliers in South Africa   Bronwen Morgan     201
Self-Regulation in a World of States   Dana L. Brown     227
Index     260

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