Globalization, privatization, and CHANging ideas about the roles of business and government are transforming the social contract under which business is allowed to operate. Global companies are also policy-makers and public goods providers, governments seek profits through state-owned enterprises and sovereign wealth funds, and everyone is trying to figure out how to partner with everyone else. As a result of global economic and social integration, more and more of the business-society interaction has played out at a transnational rather than purely national level, involving transnational corporations, transnational civil society networks and organizations, and inter-governmental organizations. Experiments with codes of conduct, disclosure standards, new business models, and investment standards, along with numerous dialogues and partnerships, provide the basis for a rich and important research agenda.
Social contract, globalization, partnerships, transnational, intergovernmental organization, NGOs, International business enterprises, Business and politics, International relations
International Business | Public Policy
Handbook of Global Companies
City or Country
FLORINI, Ann. (2013). Global Companies and Global Society: The Evolving Social Contract. In Handbook of Global Companies (pp. 335-350). Chichester: Wiley.
Available at: http://ink.library.smu.edu.sg/soss_research/1209