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Law and Economics

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Innovations In Governance: A Functional Typology Of Private Governance Institutions, Tracey M. Roberts Jan 2011

Innovations In Governance: A Functional Typology Of Private Governance Institutions, Tracey M. Roberts

Tracey M Roberts

Communities are increasingly looking to private governance institutions, rather than formal government, to set public policy and to manage the environmental and social impacts of globalization. Private governance institutions, sets of rules and structures for governing without government, remain undertheorized despite an expanding literature. Questions remain about why they have arisen, what functions they serve, and whether they are effective. This article advances that literature in several ways. First, the article outlines the inherent limitations of the conventional taxonomy, which groups these institutions based on the identity of their constituent organizations (business interests, civil society, and government entities and their …


The United States – Korea Free Trade Agreement:, Y.S. Lee Jun 2010

The United States – Korea Free Trade Agreement:, Y.S. Lee

Y.S. Lee

The U.S.-Korea Free Trade Agreement, currently awaiting ratification of legislatures of both countries, is known to be the most significant bilateral trade agreement since the conclusion of the North America Free Trade Agreement (NAFTA). Both governments have promoted the U.S.-Korea FTA as the trade agreement that will enhance trade between the two countries and promote economic prosperity. The article critically reviews the inherent features of the U.S.-Korea FTA and examines whether the FTA is expected to promote the promised economic prosperity.