By Magdalena Bexell, Ulrika Mörth
There was speedy proliferation of public-private partnerships in parts of human rights, environmental security and improvement in worldwide governance. This booklet demonstrates how assorted sorts of partnership legitimacy and responsibility have interaction, and pinpoints trade-offs among democratic values in partnership operations.
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Extra resources for Democracy and Public-Private Partnerships in Global Governance
Such mechanisms are professional/peer accountability, public reputational accountability, market accountability, financial accountability, and legal accountability (cf. Grant and Keohane, 2005). , 2005: 76–82). Again, though, they are not to be thought of as mechanisms of democratic practices. Strong formal accountability mechanisms are often absent, for example, between affected actors and the board of a partnership. , 2009: 467–8). The distance between the partners and the beneficiaries, as well as the time span for partnership impact to be felt, render accountability relations vague (Buse and Walt, 2002: 189).
Indd 29 4/23/2010 11:43:10 AM 30 Karin Svedberg Helgesson be truly part of the corporate calculus. Still, when the for-profit firm is to be a partner to public organizations, the overarching good is generally supposed to be the common good, albeit with implied gains for the corporate partner. This is problematic from a corporate governance perspective, as such systems are constructed to keep opportunism at bay. In order to minimize the risk of agency problems, as mentioned, it is necessary to ensure a clarification of self and a focusing of experience among agents in order to align the interests of agents with those of principals.
A. and T. ” in E. W. ) Complex Sovereignty. Reconstituting Political Authority in the Twenty-first Century (Toronto: University of Toronto Press). C. (2008) “Problematizing Corporate Social Responsibility under Conditions of Late Capitalism and Postmodernity,” in V. Rittberger and M. ) Authority in the Global Political Economy (Basingstoke: Palgrave Macmillan). , V. Haufler, and T. C. Cutler, V. Haufler and T. ) Private Authority and International Affairs (New York: SUNY Press). Dingwerth, K. (2007) The New Transnationalism: Transnational Governance and Democratic Legitimacy (Basingstoke: Palgrave Macmillan).