This special issue of Business and Politics examines how multinational corporations (MNCs) respond to the twin pressures of globalization and localization when implementing corporate responsibility (CR) policies. While MNCs are often viewed as agents of global economic integration, MNCs are...

This paper outlines an approach for understanding the role of multinational corporations (MNCs) in global governance. We develop a typology of regime types with two dimensions, the goal of the regime, which can be market enabling or regulatory, and the location of authority, which can be...

In recent years, International Political Economy literature on "politics beyond state" has emphasized the role of non-governmental organizations (NGOs) in broader policy processes, both national and international. In addition to their impact on states, NGOs influence the policies of non-state...

Externalities can be internalized through market mechanism, government regulation, or self-governing institutions or a mix of these institutions. We recommend the institutional route which minimizes total cost (sum of technology, management, and transaction costs) to the firm. These costs are...

Policy goals of efficiency, equity, and sustainability may not be independent. Also the policy instruments. i.e. price mechanism, fiscal policy, and scale may be related. We need to find answers about who shall decide the scale at the national and international level? If equity and scale are...

Efficiency, Growth and Exports are the main items on nation’s economic agenda. There is some concern (perhaps not adequate) for developing Safety Nets for people hurt/left out by growth. Unfortunately environmental implications of industrial restructuring have not been given adequate...

In this paper we provide an axiomatic characterization of a choice function due to Cao (1981) multiattribute choice problems.