Business and global governance: The growing role of corporate codes of conduct

• Main Author: FLORINI, Ann
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2003
• Subjects: Business ethics; Communication and technology; Transportation; Globalization; Business Law, Public Responsibility, and Ethics; Political Science
• Online Access: https://ink.library.smu.edu.sg/soss_research/2322; https://ink.library.smu.edu.sg/context/soss_research/article/3579/viewcontent/BusinessGlobalGovernance_2003_BR_afv.pdf
• Institution: Singapore Management University

These are, in many ways, halcyon days for global business. In a vast ideological shift in the late 20th century, markets rather than governments came to be seen as the road to prosperity. Governments that once nationalized foreign firms now seek out the investment, technology, and managerial expertise such companies can bring. The halls of the United Nations used to ring with calls for international regulation of those dreaded evil-doers, the multinational corporations. Now the UN instead implores business to join with it in a voluntary Global Compact to ensure respect for internationally agreed environmental, labor, and human rights standards.