A Public Role For The Private Sector

A Public Role For The Private Sector

Industry Self-regulation In A Global Economy

Book - 2001
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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.

Publisher: [Washington, D.C.] : Carnegie Endowment for International Peace, c2001.
ISBN: 9780870031762
0870031767
Characteristics: xii, 160 p. ;,23 cm.

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