Making Global Self-Regulation Effective in Developing Countries

Description

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 own behavior through codes and standards which they agree among themselves. The recent growth in corporate self-regulation of labor, 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 corporate self-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.

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