Review of Who Fills the Global Governance Gap? Rethinking the Roles of Business and Government in Global Governance by Burkard Eberlein
Political science has developed a variety of theoretical perspectives and approaches to conceptualize and understand the political role of business. Te theoretical debate between pluralists like Dahl and elitists like Bachrach and Baratz revolved around the questions what power is, how it is exerted, and how politically powerful the business sector is in capitalist democracies.
Our aim therefore is to review the recent business ethics and CSR literature in the context of the research on globalization done within and across other social sciences. Examining how recent debates in CSR reflect upon the consequences of globalization, we propose a new perspective of what we call ‘political CSR’. In a nutshell, political CSR suggests an extended model of governance with business firms contributing to global regulation and providing public goods. It goes beyond the instrumental view on politics in order to develop a new understanding of global politics where private actors such as corporations and civil society organizations play an active role in the democratic regulation and control of market transactions. These insights may enrich the theory of the firm with a more balanced view on political and economic responsibilities in a globalized world.
It identifies the mechanisms through which orchestration may address the barriers to corporate engagement with the public good and applies these mechanisms to the case of the Global Reporting Initiative.
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