Governing Value Creation: New Policy and Organizational Approaches for the Global Economy

David Finegold, Mohammad Ali, Anne Laure Winkler

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The final chapter concludes the volume by combining the different agendas that other chapters have explored with some practical ideas for next steps forward. The starting point is to note a dual role of corporations within political economies: they are both market actors and simultaneously very strong political actors who shape governance regimes to favour the interests of firms. The limitations of existing, voluntaristic, market-based approaches to CSR are analysed and alternative ways to govern corporations are considered. As capital has become more global, corporations' influence on public policy has grown disproportionately to that of other interest groups. Thus, in light of the recent and ongoing global finanical crisis, a multi-faceted approach to reforming global governance is needed to better align corporate behaviour with long-term societal interests. New ways of organizing and governing the creation of economic value in today's global economy are suggested.

Original languageEnglish (US)
Title of host publicationThe Responsible Corporation in a Global Economy
PublisherOxford University Press
ISBN (Electronic)9780191729058
ISBN (Print)9780199592173
DOIs
StatePublished - Jan 19 2012

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)

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