Journal Articles

FOR LACK OF ANYTHING BETTER? INTERNATIONAL ORGANIZATIONS AND GLOBAL CORPORATE CODES

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This paper analyses the two most important international programmes for the voluntary regulation of corporate behaviour: the OECD Guidelines for Multinational Corporations and the UN Global Compact. It argues that international organizations adopted them mostly for reasons of political feasibility: by imposing minimal constraints on constituents the codes circumvented the most pressing problems of political acceptability associated with standard setting. It finds no clear evidence, however, that the network solutions adopted are technically more effective than traditional forms of regulation. The paper concludes that while it is unlikely that corporate behaviour will change simply as a result of participation in these programmes, if the programmes increase their ability to consistently discriminate between good and bad performers, the resulting ‘soft’ sanctioning power has the potential to alter corporate behaviour in the long run.

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Series Title

Public Administration

Call Number

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Publisher

Hoboken, United States : Wiley-Blackwell., 2011

Collation

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Language

English

ISBN/ISSN

00333298

Classification

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Content Type

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Edition

Volume 89, Issue 2, June 2011, pages 451–470

Subject(s)

International organizations
FOR LACK OF ANYTHING BETTER

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