Cambridge University Press Private Governance and Public Authority: Regulating Sustainability in a Global Economy (Business and Public Policy)

Product Description At a time of significant concern about the sustainability of the global economy, businesses are eager to display responsible corporate practices. While rulemaking for these practices was once the prerogative of states, businesses and civil society actors are increasingly engaged in creating private rulemaking instruments, such as eco-labeling and certification schemes, to govern corporate behavior. When does a public authority intervene in such private governance and reassert the primacy of public policy? Renckens develops a new theory of public-private regulatory interactions and argues that when and how a public authority intervenes in private governance depends on the economic benefits to domestic producers that such intervention generates and the degree of fragmentation of private governance schemes. Drawing on European Union policymaking on organic agriculture, biofuels, fisheries, and fair trade, he exposes the political-economic conflicts between private and public rule makers and the strategic nature of regulating sustainability in a global economy. Review 'Stefan Rencken's ground-breaking analysis is the most comprehensive yet of why and when governments intervene in private environmental governance. Theoretically rich, and offering deep insights into regulatory interventions in fisheries, organic agriculture, biofuels, and fair trade schemes in the European Union, it is a seminal investigation of this increasingly important trend in global governance.' Peter Dauvergne, Professor of International Relations, University of British Columbia'This book demonstrates why Stefan Renckens has quickly become one of the significant scholars in the arena of global governance. Many people have struggled to conceptualize the tensions and complementarities between public and private regulation. Renckens explores an area that has been overlooked - why and how governments step in to regulate the private regulatory systems. He includes a novel treatment of private governance systems as actors that lobby for their own interests. The argument is tested against four cases of private governance in the European Union, exploring variation in EU intervention. This book deepens our understanding of the relationship between private and public governance in global markets.' Virginia Haufler, Associate Professor, Department of Government and Politics, University of Maryland'As a dizzying number of products are being labeled as sustainable or fair, some observers have hoped that governments will step in to reduce the confusion. Stefan Renckens has produced a compelling account of when governments are likely to intervene or stay on the sidelines, based on a study of EU policymaking and with broad implications for the study of private governance.' Tim Bartley, Professor of Sociology, Washington University in St. Louis, and author of Rules without Rights: Land, Labor, and Private Authority in the Global Economy Book Description Develops a new theory of public regulatory interventions in private sustainability governance based on policymaking in the European Union. About the Author Stefan Renckens is Assistant Professor in the Political Science Department of the University of Toronto. His research examines the political economy of transnational private sustainability governance and public-private governance interactions. He holds a Ph.D. in Global Environmental Politics from Yale University. His Ph.D. dissertation received the American Political Science Association's best dissertation award in Science, Technology, and Environmental Politics (2015). He also holds master's degrees in political science, economic policy, and conflict and peace studies. He has received research grants from the Canadian Social Sciences and Humanities Research Council, the US National Science Foundation, and the Research Foundation Flanders.