Transnational power and translocal governance: The politics of corporate responsibility

In this article, I provide a critical analysis of the politics of corporate social responsibility. I argue that corporate social responsibility is a strategy that enables multinational corporations to exercise power in the global political economy. Using the global extractive industries as a context...

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Bibliographic Details
Published in:Human relations (New York) Vol. 71; no. 6; pp. 796 - 821
Main Author: Banerjee, Subhabrata Bobby
Format: Journal Article
Language:English
Published: London, England SAGE Publications 01.06.2018
SAGE PUBLICATIONS, INC
Subjects:
Companies
Environmental impact
Extraction
Global economy
Governance
Human relations
Mining
Multinational corporations
Political economy
Political power
Politics
Power
Social responsibility
Stakeholders
Transnationalism
Vulnerability
Welfare
multinational corporations
marginalized stakeholders
corporate social responsibility
power
governance
ISSN:0018-7267, 1741-282X
Online Access:Get full text
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Summary:In this article, I provide a critical analysis of the politics of corporate social responsibility. I argue that corporate social responsibility is a strategy that enables multinational corporations to exercise power in the global political economy. Using the global extractive industries as a context, I focus on conflicts between communities, the state and multinational corporations that arise owing to the negative social and environmental impacts of mining and extraction. In particular, I analyse the role of political corporate social responsibility and multi-stakeholder initiatives in managing conflicts and argue that these initiatives cannot take into account the needs of vulnerable stakeholders. Power asymmetries between key actors in the political economy can diminish the welfare of communities impacted by extraction. Several governance challenges arise as a result of these power asymmetries and I develop a translocal governance framework from the perspective of vulnerable stakeholders that can enable a more progressive approach to societal governance of multinational corporations.
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ISSN:0018-7267
1741-282X
DOI:10.1177/0018726717726586