Journal of Business Ethics

, Volume 71, Issue 3, pp 321–334

The Multinational Corporation and Global Governance: Modelling Global Public Policy Networks

Article

Abstract

Globalization has increased the economic power of the multinational corporation (MNC), engendering calls for greater corporate social responsibility (CSR) from these companies. However, the current mechanisms of global governance are inadequate to codify and enforce recognized CSR standards. One method by which companies can impact positively on global governance is through the mechanism of Global Public Policy Networks (GPPN). These networks build on the individual strength of MNCs, domestic governments, and non-governmental organizations to create expected standards of behaviour in such areas as labour rights, environmental standards, and working conditions. This article models GPPN in the issue area of CSR. The potential benefits of GPPN include better overall coordination among industry and government in establishing what social expectations the modern MNC will be expected to fill.

Keywords

corporate social responsibility global public policy network (GPPN) governance non-governmental organizations activism 

Abbreviations

GPPN

Global Public Policy Networks

FDI

Foreign Direct Investment

IMF

International Monetary Fund

NGO

Non-governmental organization

WTO

World Trade Organization

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Copyright information

© Springer Science+Business Media, Inc. 2006

Authors and Affiliations

  1. 1.School of Business, Queen’s UniversityKingstonCanada

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