Strengthening International Regulation Through Transnational New Governance: Overcoming the Orchest
A new kind of international regulatory system is spontaneously arising out of the failure of international “Old Governance” (i.e., treaties and intergovernmental organizations) to adequately regulate international business. Nongovernmental organizations, business firms, and other actors, singly and in novel combinations, are creating innovative institutions to apply transnational norms to business. These institutions are predominantly private and operate through voluntary s