The Private Side of Global Governance: New Definitions of Development and Human Security
Author(s)
Hertel, Shareen
Abstract
The traditional role of institutions on the public side of Global Economic Governance has been in meting out development assistance, not managing Private Sector activity. But new definitions of Development and Human Security have pushed public institutions into uncharted terrain. The title of this article is a play on words: the “private side of global governance” centers on business-but the article also touches on themes related to how civil society actors interact with business, and discusses the shared challenges facing these non-state actors. The following concepts are integral to those challenges- representation, legitimacy, accountability and transparency.
