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

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  • Kantz, Carola

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, 2007. "The Power of Socialization: Engaging the Diamond Industry in the Kimberley Process," Business and Politics, Cambridge University Press, vol. 9(3), pages 1-20, December.
    • Handle: RePEc:cup:buspol:v:9:y:2007:i:03:p:1-20_00a
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    Cited by:

    1. Ainsley Elbra, 2020. "Fool’s Gold: Business Power and the Evolution of the Conflict‐free Gold Standard," Global Policy, London School of Economics and Political Science, vol. 11(3), pages 336-346, May.
    2. Cyrlene Claasen & Julia Roloff, 2012. "The Link Between Responsibility and Legitimacy: The Case of De Beers in Namibia," Journal of Business Ethics, Springer, vol. 107(3), pages 379-398, May.
    3. van der Ven Hamish, 2014. "Socializing the C-suite: why some big-box retailers are “greener” than others," Business and Politics, De Gruyter, vol. 16(1), pages 31-63, April.
    4. Mathias Koenig-Archibugi, 2011. "Global Governance," Chapters, in: Jonathan Michie (ed.), The Handbook of Globalisation, Second Edition, chapter 19, Edward Elgar Publishing.
    5. Elbra Ainsley D., 2014. "Interests need not be pursued if they can be created: private governance in African gold mining," Business and Politics, De Gruyter, vol. 16(2), pages 1-20, August.

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