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Business and transnational norm-building in post-Westphalian global politics

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  • Wolfgang Hein

Abstract

Political rules implemented by nation states limit the options of private enterprises to maximise profits. Globalisation has broken up the congruence between political and economic space; companies can evade political rules by using greater flexibilities of production, finance and marketing. The negotiation and implementation of international social and environmental standards have remained at best fragmentary - not only because of business resistance, but also because developing countries with few other locational advantages were afraid of losing competitiveness. On the other hand, business cooperates to attain minimum standards, preferably through voluntary action. Transnational corporations from emerging economies are increasingly integrated in global economic networks which tend to assimilate their normative orientations to those of global peers (attracting customers, winning political support, preventing others from exploiting low standards). This could support the socialisation of emerging economies into global norm-building processes.

Suggested Citation

  • Wolfgang Hein, 2015. "Business and transnational norm-building in post-Westphalian global politics," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 10(3/4), pages 208-229.
    • Handle: RePEc:ids:ijbget:v:10:y:2015:i:3/4:p:208-229
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    Cited by:

    1. Hein, Wolfgang, 2016. "Intellectual property rights and health: The constraints of WHO authority and the rise of global health governance as an element of contestation," Discussion Papers, Research Unit: Global Governance SP IV 2016-110, WZB Berlin Social Science Center.

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