GEG WP 2013/73 The Political Economy and Process of Global Compact Governance in China
Full Title: Enterprise Hegemony and Embedded Hierarchy Network: The Political Economy and Process of Global Compact Governance in China
Author: Hongsheng Ren
GEG Working Paper 2013/73
Abstract
To understand and explain if the Global Compact initiatives really attract enterprises and how they could achieve the aims of making the enterprises self-regulatory, we must examine the motivations of the participants and determine if they changed their behaviors after joining the initiative. This paper investigates the determinants of Chinese enterprises’ attitudes toward the United Nations Global Compact (UNGC) using interviews and data analysis of the Chinese participants of the UNGC, the Global Compact Local Network (GCLN), and government officials. The paper also assesses the role of hegemony enterprises and the embedded hierarchy network in the UNGC governance. By insourcing the hegemony enterprises and outsourcing the “Regulatory Standard Setting” (RSS) institute network within the regional political system, the UNGC can achieve the aim of global governance.
Key Words: Enterprise Hegemony; Embedded Network; Enterprise Hierarchy; Global Compact; China
Author Bio
Hongsheng Ren joined the GEG team as an Oxford-Princeton Global Leaders Fellow to work on global investment governance from 2010-12. His research interests include the political economy of FDI, China’s Political and Economical Transition, and Asian geopolitics.
