Locating Peace Through Commerce in Good Global Governance

Peace Through Commerce (PTC) is expanding its influence on the formulation of business strategies for responding to challenges found in conflict and post-conflict zones. A review of practical guidance available on successful PTC business practices shows it is more general than particular and short o...

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Bibliographic Details
Main Author: Forrer, John (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2009
In: Journal of business ethics
Year: 2009, Volume: 89, Issue: 4, Pages: 449-460
Further subjects:B Global governance
B Peace Through Commerce
B broker
Online Access: Volltext (lizenzpflichtig)
Description
Summary:Peace Through Commerce (PTC) is expanding its influence on the formulation of business strategies for responding to challenges found in conflict and post-conflict zones. A review of practical guidance available on successful PTC business practices shows it is more general than particular and short on detailed recommendations. In addition, such recommendations say little about how globalization is transforming the forms and processes of global governance and their implications for PTC strategies. An assessment of the changing landscape of global governance suggests that implementation of successful PTC strategies will face even greater challenges. However, the emergence of a ‘global governance broker’ model as an innovative, multi-sector, voluntary approach to organizing global governance suggests a new method for businesses to implement their PTC policies and programs. The ‘global governance broker’ approach is described and its implications for business as an alternative approach to formulating their PTC strategies and implementing their PTC policies and programs are considered.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/s10551-010-0396-2