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Accepted Paper:
Paper short abstract:
Complexity theory provides a framework to understand the almost inevitable slide into corporate domination of agendas, and the need for ‘push back’ from a neo-liberal stance. It highlights that NGOs, as champions of the powerless, must act independently and champion new forms of global governance.
Paper long abstract:
Complexity theory (Boulton et al, 2015) provides a framework within which to explore the evolving relationship between corporate, governments and NGOs. It connects an institutional stance (the way patterns of behaviour can become locked-in and unassailable) and with a dynamic theory of change - contextual, emergent and non-linear. The understanding of non-linear interactions shows how, without regulation or public outcry or 'global governance', there is an inevitability that the big get bigger and the powerful get more powerful, leading to an unassailable domination by those with power.
The power of global businesses to focus primarily on growing profits is, of course, instituted by law; increasing shareholder value for PLCs has to be their primary aim (Bakan, 2004). Couple this with the short-term focus of the stock market, and the comforting framework of limited liability, it is inevitable that competing global businesses pursue profit, and indeed short term profit, beyond all else.
Within the framework of complexity theory, the paper will explore how this seemingly inevitable trend can be countered. It will consider the role of regulation, and of the need for powerful voices independent of commercial and geo-political influences - to speak for the powerless, for equality, and for the long-term sustainability of the planet. It will suggest that the current neo-liberal, free market stance will inevitably continue to increase inequality and favour the agendas of those in power. It will consider the importance of community values, of countering the messages of consumerism, of giving voice to the disadvantaged.
NGOs and the corporate sector: the political-economy of partnership [Business & Development Study Group]
Session 1