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      Bargains Old and New: Multinational Corporations in Global Governance

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      Business and Politics
      Walter de Gruyter GmbH

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          Abstract

          This paper outlines an approach for understanding the role of multinational corporations (MNCs) in global governance. We develop a typology of regime types with two dimensions, the goal of the regime, which can be market enabling or regulatory, and the location of authority, which can be national, regional, or international, with public and private elements. MNCs tend to support the creation of market enabling regimes at the international level, and prefer to keep social or environmental regulation under national or private authority. However, these are only generalizations and MNCs develop preferences based on their relative influence in various arenas, the costs of political participation, and competitive considerations. We argue that institutions of global governance represent the outcome of a series of negotiations among corporations, states, and non-state actors. The preferences and power of MNCs vary across issues and sectors, and from one negotiating forum to another, accounting for the uneven and fragmented nature of the resulting system. Our approach differs from the traditional FDI bargaining framework in that it recognizes the multi-party nature of negotiations and multiple sources of power. Moreover, the complexity and dynamic nature of the process results in a somewhat indeterminate process.

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          International Investment and International Trade in the Product Cycle

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            Integrated Strategy: Market and Nonmarket Components

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              Politics beyond the State Environmental Activism and World Civic Politics

              Nongovernmental organizations (NGOS) both lobby states and work within and across societies to advance their interests. These latter efforts are generally ignored by students of world politics because they do not directly involve governments. A study of transnational environmental activist groups (TEAGs) such as Greenpeace, Friends of the Earth, and World Wildlife Fund demonstrates that NGO societal efforts indeed shape widespread behavior throughout the world. TEAGs work through transnational social, economic, and cultural networks to shift standards of good conduct, change corporate practices, and empower local communities. This type of practice involves “world civic politics.” That is, TEAGs influence widespread behavior by politicizing global civil society—that slice of collective life which exists above the individual and below the state yet across national boundaries. This article examines the activity of world civic politics as practiced by environmental activists and evaluates its relevance for the study of NGOs and world politics in general.
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                Author and article information

                Journal
                applab
                Business and Politics
                Bus. polit.
                Walter de Gruyter GmbH
                1369-5258
                1469-3569
                August 2003
                January 20 2017
                August 2003
                : 5
                : 02
                : 131-150
                Article
                10.2202/1469-3569.1051
                21a036ef-f610-4f5e-960b-bdde59fd8294
                © 2003
                History

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