Transformations In Global Governance

‘This book brings attention to the growing complexity of managing multinational firms in light of the rise to significant power of non-governmental organizations such as Amnesty International and the anti-WTO coalition. It also considers the renewed public doubts about MNE legitimacy as the free-market model comes under greater criticism, especially in emerging markets. The book adds very useful value in illuminating situations in which companies are facing increased impact of pressure groups as well as governments in their international business. The menu of papers really gives the reader some food for thought, and specifically for thinking about how more acceptable governance of MNEs can be pursued in the 21st century.’
– Robert Grosse, The Garvin School of International Management, US

‘In recent years a number of excellent books have been published on the failure of corporate governance. However, nothing compares with Sushil Vachani’s Transformations in Global Governance, a gripping account of global corporate governance provided by recognized IB scholars.’
– Subhash C. Jain, University of Connecticut, US

‘An excellent book for scholars, business leaders, and policymakers that makes good on its title – Transformations in Global Governance. Sushil Vachani and the book’s contributors identify how the governance structures of organizations are being transformed – not just shifted or adjusted. NGOs, the WTO, multilateral institutions, multinationals, host governments and many other stakeholders have new roles and rules that are redefining how one governs a successful and socially responsible global enterprise. A must read for those intending to lead their organization's change efforts in our global economy.’
– Stephen A. Stumpf, Villanova University, US and co-editor of Handbook on Responsible Leadership and Governance in Global Business

The world of multinational enterprises is changing dramatically. Their complex and dynamic international context presents them with special challenges – threatening their survival on one hand, and presenting them with unprecedented opportunities on the other. In this volume, international experts analyze different aspects of the transformations in global governance: ideological variations, trade governance, competition policy and the rise of civil society. They discuss the implications for multinational–government relations, multinationals’ self-governance, relations with NGOs and issues of competitiveness.

The book focuses on two forces integral to the process of globalization. The first is the evolution of inter-governmental organizations, such as the World Trade Organization, and various agreements pertaining to trade, environment, labor, competition and investment. The other equally important factor is the rise of non-governmental organizations (NGOs), which have a significant impact on the strategies of multinational enterprises, governments and inter-governmental organizations. The contributors explore these forces in chapters detailing shifts in governance and their implications for multinationals, governments and society in general.

This cohesive examination of an under-analyzed area will appeal to students and scholars of international business, and other researchers in management schools, think tanks, management consulting companies, government agencies, inter-governmental organizations, and NGOs.

Contents:

Preface

1. Introduction
Sushil Vachani

2. The Globalization of Competition Policy
Robert T. Kudrle

3. Does the WTO Matter?
Steven M. McGuire and Thomas C. Lawton

4. Multilateral Institutions and Market-Oriented Reform
Carlos Rufin

5. Business Strategy in a Changing Nonmarket Environment
John Ahlquist and Aseem Prakash

6. Governance and the Stakeholder Corporation
James E. Post and Tanja D. Carroll

7. Multinationals in Global Governance
David L. Levy and Peter Newell

8. Managing the Interdependence between Multinationals and Developing Countries
Pervez N. Ghauri and Xuefei Cao

9. Globalization and the Development of Competing Standards for Corporate Conduct
Petra Christmann and Glen Taylor

10. Global Governance, Social Responsibility and Corporate–NGO Collaboration
Jonathan P. Doh

11. Legitimating Global Governance
Jeffrey A. Hart

12. The Competitiveness of Local Manufacturing Firms of Small, Less-Developed Countries in an increasingly Liberalized Trading Environment
Lou Anne A. Barclay

13. Home Country Governance Quality and the ‘Bonding’ Hypothesis
Paul M. Vaaler and Burkhard N. Schrage

Index