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The Architecture Of Transnational Private Regulation, Fabrizio Cafaggi
The Architecture Of Transnational Private Regulation, Fabrizio Cafaggi
Transnational Business Governance Interactions Working Papers
Conflicting interests among private actors constitute an important factor to explain why and how transnational private regulation has grown and the proliferation of standards and standard setting organizations that has followed. This essay provides a map of transnational regulatory space suggesting that the different levels are related to various governance responses to conflicts within the private sphere and between private and public actors.Three levels of the global regulatory space are considered: (1) the single global regulatory body, where interests are integrated into one organization, (2) the regime, in which multiple organizations operate, regulating within the same policy field, (3) multiple …
Emerging Private Governance: The Challenges Of Choosing A Policy Focus, Graeme Auld
Emerging Private Governance: The Challenges Of Choosing A Policy Focus, Graeme Auld
Transnational Business Governance Interactions Working Papers
Across sectors of the global economy, private governance has emerged as a new instrument for addressing pressing social and environmental problems. Although better suited for tackling the challenge of reaching agreements among states to address problems transcending national borders, these initiatives create new boundaries based on what problems they choose to focus on and which actors they choose to regulate – that is, the different policy foci of individual programs. Specialization is not inherently problematic. Private governance can focus attention on the problems of a single-issue area and build capacity among actors to resolve its problems, but equally a particular …