The Subjects of Transnational Business and the Processes of Global Economic Governance

In recent decades, transnational business actors have substantially strengthened their role in global economic governance. Although this trend became less pronounced after the global crisis of 2008–2009, it was by no means reversed. With multinational companies (including those from developing marke...

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Autor principal:	Sergey A. Afontsev
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2018
Materias:	global economic governance transnational business mnc foreign direct investment corporate social responsibility International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/34fbcad7fe8049e29b713bd8cee2ef02
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id	oai:doaj.org-article:34fbcad7fe8049e29b713bd8cee2ef02
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spelling	oai:doaj.org-article:34fbcad7fe8049e29b713bd8cee2ef022021-11-07T14:45:01ZThe Subjects of Transnational Business and the Processes of Global Economic Governance2542-02402587-932410.23932/2542-0240-2018-11-1-52-64https://doaj.org/article/34fbcad7fe8049e29b713bd8cee2ef022018-04-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/269https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324In recent decades, transnational business actors have substantially strengthened their role in global economic governance. Although this trend became less pronounced after the global crisis of 2008–2009, it was by no means reversed. With multinational companies (including those from developing markets) increasing scale and scope of their operation and national governments competing for foreign direct investment (FDI) as a development resource, both official and public-private economic governance mechanisms shape their agenda with a reference to transnational business interests. As a result, FDI promotion policies prevailed in post-crisis years, in contrast with a remarkable growth of protectionism in international trade. At the same time, as the case of economic sanctions shows, with increased tensions in international relations business interests are readily sacrificed, and thus far transnational business actors have no reliable tools to change the situation.Sergey A. AfontsevАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articleglobal economic governancetransnational businessmncforeign direct investmentcorporate social responsibilityInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 11, Iss 1, Pp 52-64 (2018)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	global economic governance transnational business mnc foreign direct investment corporate social responsibility International relations JZ2-6530
spellingShingle	global economic governance transnational business mnc foreign direct investment corporate social responsibility International relations JZ2-6530 Sergey A. Afontsev The Subjects of Transnational Business and the Processes of Global Economic Governance
description	In recent decades, transnational business actors have substantially strengthened their role in global economic governance. Although this trend became less pronounced after the global crisis of 2008–2009, it was by no means reversed. With multinational companies (including those from developing markets) increasing scale and scope of their operation and national governments competing for foreign direct investment (FDI) as a development resource, both official and public-private economic governance mechanisms shape their agenda with a reference to transnational business interests. As a result, FDI promotion policies prevailed in post-crisis years, in contrast with a remarkable growth of protectionism in international trade. At the same time, as the case of economic sanctions shows, with increased tensions in international relations business interests are readily sacrificed, and thus far transnational business actors have no reliable tools to change the situation.
format	article
author	Sergey A. Afontsev
author_facet	Sergey A. Afontsev
author_sort	Sergey A. Afontsev
title	The Subjects of Transnational Business and the Processes of Global Economic Governance
title_short	The Subjects of Transnational Business and the Processes of Global Economic Governance
title_full	The Subjects of Transnational Business and the Processes of Global Economic Governance
title_fullStr	The Subjects of Transnational Business and the Processes of Global Economic Governance
title_full_unstemmed	The Subjects of Transnational Business and the Processes of Global Economic Governance
title_sort	subjects of transnational business and the processes of global economic governance
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2018
url	https://doaj.org/article/34fbcad7fe8049e29b713bd8cee2ef02
work_keys_str_mv	AT sergeyaafontsev thesubjectsoftransnationalbusinessandtheprocessesofglobaleconomicgovernance AT sergeyaafontsev subjectsoftransnationalbusinessandtheprocessesofglobaleconomicgovernance
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The Subjects of Transnational Business and the Processes of Global Economic Governance

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