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Private Governance as an Institutional Response to Wicked Problems
Julia Grimm
9783848759491
2019
186 pages
6*9
Paperback
Rs. 4900
Due to child slavery on cocoa plantations, deaths in textile factories or gender-specific violence in gold mines, international companies are increasingly associated with immoral business practices. While company-internal and government attempts at solutions remain largely ineffective, industry-wide mergers are increasingly coming to the fore. This is about the collective and voluntary initiative of companies to regulate themselves so that compliance with minimum social and ecological standards can be guaranteed.
This work discusses the phenomenon of voluntary regulation in the context of multi-stakeholder initiatives based on a comprehensive empirical study by the German Alliance for Sustainable Textiles. The analysis shows that the emergence of collective self-regulation depends on what is considered "possible" and that this perception can be changed by external factors and adjustment mechanisms.
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