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Corporate Crime and Punishment - The Politics of Negotiated Justice in Global Markets
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Corporate Crime and Punishment - The Politics of Negotiated Justice in Global Markets
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The geopolitics of American law enforcement and how it changed
corporate criminal accountability in other countries Over the past
decade, many of the world’s biggest companies have found
themselves embroiled in legal disputes over corruption, fraud,
environmental damage, tax evasion, or sanction violations.
Corporations including Volkswagen, BP, and Credit Suisse have paid
record-breaking fines. Many critics of globalization and corporate
impunity cheer this turn toward accountability. Others, however,
question American dominance in legal battles that seem to impose
domestic legal norms beyond national boundaries. In this book,
Cornelia Woll examines the politics of American corporate criminal
law’s extraterritorial reach. As governments abroad seek to
respond to US law enforcement actions against their companies, they
turn to flexible legal instruments that allow prosecutors to settle
a case rather than bring it to court. With her analysis of the
international and domestic politics of law enforcement targeting
big business, Woll traces the rise of what she calls “negotiated
corporate justice” in global markets. Woll charts the path to
this shift through case studies of geopolitical tensions and
accusations of “economic lawfare,” pitting the United States
against the European Union, China, and Japan. She then examines the
reactions to the new legal landscape, describing institutional
changes in the common law countries of the United Kingdom and
Canada and the civil law countries of France, Brazil, and Germany.
Through an insightful interdisciplinary analysis of how the
prosecution of corporate crime has evolved in the twenty-first
century, Woll demonstrates the profound transformation of the
relationship between states and private actors in world markets,
showing that law is part of economic statecraft in the connected
global economy.
General
Imprint: |
Princeton University Press
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Country of origin: |
United States |
Release date: |
October 2023 |
Firstpublished: |
2023 |
Authors: |
Cornelia Woll
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Dimensions: |
235 x 156mm (L x W) |
Pages: |
248 |
ISBN-13: |
978-0-691-25032-8 |
Categories: |
Books
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LSN: |
0-691-25032-4 |
Barcode: |
9780691250328 |
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