Global Rules and Private Actors - Towards a New Role of the Transnational Corporation in Global Governance

@article{Scherer2006GlobalRA,
  title={Global Rules and Private Actors - Towards a New Role of the Transnational Corporation in Global Governance},
  author={A. Scherer and G. Palazzo and Doroth{\'e}e Baumann-Pauly},
  journal={Human Rights & the Global Economy eJournal},
  year={2006}
}
We discuss the role that transnational corporations (TNCs) should play in developing global governance, creating a framework of rules and regulations for the global economy. The central issue is whether TNCs should provide global rules and guarantee individual citizenship rights, or instead focus on maximizing profits. First, we describe the problems arising from the globalization process that affect the relationship between public rules and private firms. Next we consider the position of… Expand
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