The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability

“Good governance” has increasingly become political-economic common sense — often articulated in the call for transparency and accountability. But the question is: transparency and accountability to whom and toward what end? This essay examines the normalization of “good governance,” particularly as...

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Main Author: Tolosa, Benjamin T, Jr
Format: text
Published: Archīum Ateneo 2001
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Online Access:https://archium.ateneo.edu/polsci-faculty-pubs/26
https://archium.ateneo.edu/cgi/viewcontent.cgi?article=1025&context=polsci-faculty-pubs
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spelling ph-ateneo-arc.polsci-faculty-pubs-10252020-07-29T04:00:38Z The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability Tolosa, Benjamin T, Jr “Good governance” has increasingly become political-economic common sense — often articulated in the call for transparency and accountability. But the question is: transparency and accountability to whom and toward what end? This essay examines the normalization of “good governance,” particularly as it is expressed as a financial discourse of corporate governance that gives primacy to the maximization of “shareholder value” and the promotion of “investor confidence” in the capital markets. I argue that this global discourse privileges institutional investors who are empowered to hold all stakeholders accountable to market expectations and valuations. While the discourse is clearly not socially neutral, it often remains unchallenged — misrecognized as disinterested and even scientific. Thus, one step toward democratizing relations of accountability in the contemporary global political economy is to make visible what are often invisible and taken-for-granted processes of financial regularization. 2001-01-01T08:00:00Z text application/pdf https://archium.ateneo.edu/polsci-faculty-pubs/26 https://archium.ateneo.edu/cgi/viewcontent.cgi?article=1025&context=polsci-faculty-pubs Political Science Department Faculty Publications Archīum Ateneo Economics Finance Political Science Political Theory
institution Ateneo De Manila University
building Ateneo De Manila University Library
country Philippines
collection archium.Ateneo Institutional Repository
topic Economics
Finance
Political Science
Political Theory
spellingShingle Economics
Finance
Political Science
Political Theory
Tolosa, Benjamin T, Jr
The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability
description “Good governance” has increasingly become political-economic common sense — often articulated in the call for transparency and accountability. But the question is: transparency and accountability to whom and toward what end? This essay examines the normalization of “good governance,” particularly as it is expressed as a financial discourse of corporate governance that gives primacy to the maximization of “shareholder value” and the promotion of “investor confidence” in the capital markets. I argue that this global discourse privileges institutional investors who are empowered to hold all stakeholders accountable to market expectations and valuations. While the discourse is clearly not socially neutral, it often remains unchallenged — misrecognized as disinterested and even scientific. Thus, one step toward democratizing relations of accountability in the contemporary global political economy is to make visible what are often invisible and taken-for-granted processes of financial regularization.
format text
author Tolosa, Benjamin T, Jr
author_facet Tolosa, Benjamin T, Jr
author_sort Tolosa, Benjamin T, Jr
title The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability
title_short The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability
title_full The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability
title_fullStr The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability
title_full_unstemmed The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability
title_sort global governance of “good governance”: financial regularization and the construction of transparency and accountability
publisher Archīum Ateneo
publishDate 2001
url https://archium.ateneo.edu/polsci-faculty-pubs/26
https://archium.ateneo.edu/cgi/viewcontent.cgi?article=1025&context=polsci-faculty-pubs
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