2010
DOI: 10.2202/1469-3569.1328
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Private Regulation in the Global Economy: A (P)Review

Abstract: This introduction to the special issue combines a review of the existing literature about the causes and consequences of private regulation in the global economy with a preview of the articles in this issue. To organize this (p)review, I introduce a conceptual model “beyond supply and demand,” which distinguishes three major subsets of stakeholders of global private regulation, which may (but need not) overlap: the political actors who call for private regulation, the rule-makers who provide such governance fo… Show more

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Cited by 97 publications
(97 citation statements)
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References 123 publications
(35 reference statements)
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“…(24) However, considerable information suggesting depth and impact-and the relationships between them-is available and should be included in future research. (25) In terms of effectiveness, all voluntary schemes face the problem of providing incentives to induce fi rms and other targets to participate and comply (Büthe, 2010a;Green, 2010). The 'shadow' of potential state intervention (Börzel and Risse, 2010) can be a signifi cant incentive; however, failure of US cap-and-trade legislation and limited progress in negotiating further commitments under the Kyoto Protocol (KP) have reduced the incentive for fi rms to participate in schemes relating to carbon credits and trading, as evidenced by the suspension of the CCX carbon exchange.…”
Section: Organizational Activitiesmentioning
confidence: 99%
“…(24) However, considerable information suggesting depth and impact-and the relationships between them-is available and should be included in future research. (25) In terms of effectiveness, all voluntary schemes face the problem of providing incentives to induce fi rms and other targets to participate and comply (Büthe, 2010a;Green, 2010). The 'shadow' of potential state intervention (Börzel and Risse, 2010) can be a signifi cant incentive; however, failure of US cap-and-trade legislation and limited progress in negotiating further commitments under the Kyoto Protocol (KP) have reduced the incentive for fi rms to participate in schemes relating to carbon credits and trading, as evidenced by the suspension of the CCX carbon exchange.…”
Section: Organizational Activitiesmentioning
confidence: 99%
“…The extent to which private authority has led to a wholesale retreat of the state or to a reconfiguration of public and private spheres is a contentious issue (Büthe 2010;Cadman 2011;Clapp and Fuchs 2009;Hall and Biersteker 2002a;Pattberg 2007). While there is broad recognition that private authority is on the rise, it may actually apply to areas the state never regulated in the first place.…”
Section: Analytical Frameworkmentioning
confidence: 99%
“…Voluntary certification schemes are based on two assumptions: (1) that there are sufficient socially and environmentally concerned consumers who will not buy a product from a retailer known to violate the accepted norm or cannot fully account for its palm oil certified traceability or supply chains, and (2) that there are enough consumers who are willing to pay a premium for a product that is produced according to that norm (Auld et al 2008). It has been argued that national regulatory governance has decreased in importance as a result of growing global interests in a range of ecological and social issues (Büthe 2010 Only biofuels that comply with the current 35% greenhouse gas reduction and the 50% greenhouse gas reduction criterion from 1 January 2017 as compared to mineral oil are allowed. Palm oil biodiesel and hydro-treated vegetable oil from palm oil, currently only fulfill the 35% reduction criteria if methane is captured at palm oil mills through recycling of palm oil mill effluent and empty fruit bundles.…”
Section: Palm Oil Industry and Sustainability Issuesmentioning
confidence: 99%