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The paper presents a renewed Habermasian view on transnational multi-stakeholder initiatives (MSIs) and assesses the … institutional characteristics of the Equator Principles Association (EPA) from a deliberative democracy perspective. Habermas' work … noted that Habermas' approach relies very much on ‘nation-state democracy' and may not be applicable to democracy in MSIs …
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Whereas representative democratic mechanisms have generally been built around preexisting institutional structures of sovereign states, the global political domain lacks any firmly constitutionalized or sovereign structures that could constitute an analogous institutional backbone within a...
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