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The Power of Socialization: Engaging the Diamond Industry in the Kimberley Process

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  • Kantz Carola

    (London School of Economics, London)

Abstract

Research on conflict in resource-rich countries suggests that resource extraction companies contribute to tension but not development. In recent times, public-private partnerships (PPPs) have flourished, in which set up regulation is not against business but in joint cooperation with corporate actors. Yet PPPs are criticized for serving business self-interest and increasing business power rather than the common good. The paper takes the Kimberley Process and the diamond industry as an example to examine the multi-faceted nature of business power when this PPP was negotiated. The core of the argument is that realist-informed perspectives about business power in PPPs and constructivist accounts emphasizing socialization and social learning processes only tell one part of the story. While demonstrating that the diamond industry acted as a both a socializing and socialized agent, the analysis of the different facets of power shows that structural and discursive power were crucial elements in making socialization happen in the first place.

Suggested Citation

  • Kantz Carola, 2008. "The Power of Socialization: Engaging the Diamond Industry in the Kimberley Process," Business and Politics, De Gruyter, vol. 9(3), pages 1-22, January.
  • Handle: RePEc:bpj:buspol:v:9:y:2008:i:3:n:2
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    Cited by:

    1. Sandra Moog & André Spicer & Steffen Böhm, 2015. "The Politics of Multi-Stakeholder Initiatives: The Crisis of the Forest Stewardship Council," Journal of Business Ethics, Springer, vol. 128(3), pages 469-493, May.

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