A Public Role for the Private Sector

A Public Role for the Private Sector
Author :
Publisher : Carnegie Endowment
Total Pages : 174
Release :
ISBN-10 : 9780870033377
ISBN-13 : 0870033379
Rating : 4/5 (77 Downloads)

Book Synopsis A Public Role for the Private Sector by : Virginia Haufler

Download or read book A Public Role for the Private Sector written by Virginia Haufler and published by Carnegie Endowment. This book was released on 2013-01-25 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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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