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ID:
120542
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| Publication |
2013.
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| Summary/Abstract |
The role of private non-state actors in global governance has focused largely on western actors, notably firms and non-governmental organizations. The rise of new economic powers presents us with an opportunity to consider whether and how the place of non-state actors might evolve. This is particularly true where emerging market firms are concerned, as they are the most obvious manifestation of the shift in economic power away from the developed West and Japan.
The article suggests, however, that the current international system satisfies most of the demands that firms from rising powers might make, so they have little incentive to define their policy preferences in opposition to established powers. They can conduct political activity across a range of avenues, from multilateral institutions to regulatory bodies overseeing technical aspects of business operations.
Indeed, the disaggregation of modern capitalism makes the last route particularly important and attractive for firms. As such, they do not need to frame their policy demands solely - or even mainly - in terms of balancing against western economic dominance.
For non-governmental organizations, the emerging power structure has eroded their previous role of advocates for developing economies. The economic growth of emerging markets has, however, given NGOs an opportunity to work with multinationals in the provision of public goods.
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| 2 |
ID:
126266
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2014.
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| Summary/Abstract |
South Korea's development over the last half century has been nothing short of spectacular. Fifty years ago, the country was poorer than Bolivia and Mozambique; today, it is richer than New Zealand and Spain, with a per capita income of almost $23,000. For 50 years, South Korea's economy has grown by an average of seven percent annually, contracting in only two of those years. In 1996, South Korea joined the Organization for Economic Cooperation and Development, the club of rich industrialized countries, and in 2010, it became the first Asian country and the first non-G-7 member to host a G-20 summit.
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