Governments today are too often unwilling to intervene in global
commerce, and international organizations are too often unable to
govern effectively. In their place, firms increasingly cooperate
internationally to establish the rules and standards of behavior
for themselves and for others, taking on the mantle of authority to
govern specific issue areas. Are they stepping into the breach to
supply needed collective goods? Or are they organizing themselves
in order to prevent governments from interfering in their business?
This book explores the meaning of this private international
authority, both for theory and policy, through case studies of
specific industries, associations, and issue areas in both
contemporary and historical perspective.
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