The emergence of an increasingly global economy has involved
changes in production, improvements in technology, and the
liberalization of international trade and finance. Critics of
neoliberalism are concerned that in the new economic environment,
many firms do not act responsibly, failing to play by the spirit of
market rules or to live up to their obligations to key stakeholder
groups. Furthermore there is not the same economic institutions and
legal frameworks in place in the international realm that we have
in the domestic realm to ensure that the economy functions in line
with basic principles of market competition.
In this context of contestation about the desirability of the
neoliberal variant of globalization, there has been a sharp rise of
non-state regulatory initiatives. This book investigates the manner
in which and the degree to which non-state initiatives that
regulate the activities of business contribute to inclusive
development, especially the development prospects of the most
vulnerable sectors of society. The collection includes a variety of
individual cases as well as some theoretical and comparative
pieces.
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