Making Global Self-Regulation Effective in Developing Countries

Hardcover | October 4, 2007

EditorDana L. Brown, Ngaire Woods

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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 ownbehaviour through codes and standards which they agree among themselves. The recent growth in corporate self-regulation of labour, 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 corporateself-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 ofcompliance 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 corporateself-regulation more effective in bettering conditions in the developing world.

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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 ownbehaviour through codes and standards which ...

Dr. Dana L. Brown is University Lecturer in International Business at the Said Business School and the Clore Fellow of Management at Lady Margaret Hall, Oxford University. She received a BA summa cum laude in Political Science and Slavic Languages from Rutgers University and an M.Phil. in Russian and East European Studies from Oxford ...

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Format:HardcoverDimensions:240 pages, 9.21 × 6.14 × 0.87 inPublished:October 4, 2007Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199234639

ISBN - 13:9780199234639

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Table of Contents

Dana Brown and Ngaire Woods: Introduction1. Ngaire Woods and David Graham: Making corporate self-regulation effective in developing countries2. Andrew Walter: Do voluntary standards work among governments? The experience of international financial standards in East Asia3. Michael Lenox: Chapter 3 Do voluntary standards work among corporations? The experience of the chemicals industry4. Robert Repetto: Making disclosure work better: the experience of investor-driven environmental disclosure5. Dara O'Rourke: Bringing in social actors: accountability and regulation in the global textiles and apparel industry6. John Braithwaite: Responsive regulation and developing economies7. Sandra Polaski: Using international institutions to enhance self-regulation: The case of labour rights in Cambodia8. Bronwen Morgan: Local politics and the regulation of global water suppliers in South Africa9. Dana Brown: Self-Regulation in a World of States