By Mikkel Kruuse.
- Which groups of actors typically drive the standard development within Multi-Stakeholder Initiatives (MSIs) and why?
- Power imbalances between actors within MSIs go beyond the global North/South dichotomy.
- There seems to be a trade-off between input legitimacy (via equal participation) and output legitimacy (outcomes) of MSIs.
Approximate Reading Time: 2-3 minutes.
Private governance in a globalized economy
While it is difficult to dispute the benefits of globalization, the integration of production and trade has made it increasingly difficult for even highly developed nations to regulate activities that extend beyond their borders. For example, how do we decide who …