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State, Sovereignty, and Private Regulation: Problématique and Explanandum of Emerging Global Governance Matrix

Modern Organisational Governance

ISBN: 978-1-78714-695-2, eISBN: 978-1-78714-694-5

Publication date: 22 August 2017

Abstract

In the era of financial capitalism, how to manage and hold global corporations accountable has become too multifarious a topic for a solitary focus of one theme, to sufficiently outline the whole gamut and implications of their activities. Capitalism is characterized by several well-organized antinomies and contrasts, with reflections of critical dualities that bear a resemblance to the primeval paradoxes of Hellenic philosophy. The challenge of governance of capitalism to be effectual entails breaking out of the entrenched precincts of habitual academic silos. Various standpoints while reasonably informative falls short to explain fully the complex interlinkages between the concept of global governance and the state’s capacity to put into effect its will on corporate power.

Spotlighting on assessing the praxis of political economy at global and national level and the corporate reality, this chapter aims to provide a renewed thrust for the focused recalibration of global regulatory regime. In this chapter, the inquiries take the regulation as the main explanandum for elucidation of the shifting governance framework.

Keywords

Citation

Oberoi, R. (2017), "State, Sovereignty, and Private Regulation: Problématique and Explanandum of Emerging Global Governance Matrix", Modern Organisational Governance (Developments in Corporate Governance and Responsibility, Vol. 12), Emerald Publishing Limited, Leeds, pp. 17-46. https://doi.org/10.1108/S2043-052320170000012002

Publisher

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Emerald Publishing Limited

Copyright © 2017 Emerald Publishing Limited