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Influencing trade policy in a multi-level system—understanding corporate political activity in the context of global value chains and regime complexity
- Source :
- Business and Politics. 20:132-164
- Publication Year :
- 2017
- Publisher :
- Cambridge University Press (CUP), 2017.
-
Abstract
- The increasing impact of the international trade governance regime on the domestic regulatory sphere and the growing inter-linkages between international companies through their involvement in global value chains, have complicated corporate political activity (CPA) in the trade arena and changed the way companies interact with governments in this context. This paper draws on several recent examples of novel forms of CPA in trade conflicts at both multilateral and regional (E.U.) level, to provide an updated conceptual framework of trade policy CPA, which takes account of the increasing complexity and interconnectedness in the world economy. We highlight, in particular, the fact that this changing context means that “domestic” interests are often heterogeneous. The international linkages of a firm may dictate trade policy preferences more than its nationality. In addition, non-government actors increasingly react to globalization by mobilizing transnationally, with positive and negative impacts for CPA. CPA strategy has adapted to that reality, in both home and host country contexts, leading to novel cross border alliances and even political activity in countries where, although their local presence is relatively low, companies find common interests.
- Subjects :
- Commercial policy
business.industry
Corporate governance
05 social sciences
Context (language use)
International trade
International economics
Article
Interconnectedness
0506 political science
Globalization
World economy
Conceptual framework
0502 economics and business
Political Science and International Relations
Industrial relations
050602 political science & public administration
Economics
business
Trade barrier
050203 business & management
Subjects
Details
- ISSN :
- 14693569
- Volume :
- 20
- Database :
- OpenAIRE
- Journal :
- Business and Politics
- Accession number :
- edsair.doi.dedup.....cdaaca38c92e05f47d5c7b83ddaa9e99
- Full Text :
- https://doi.org/10.1017/bap.2017.26