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To link to full-text access for this article, visit this link: http://dx.doi.org/10.1016/j.worlddev.2005.04.022 Byline: David Graham, Ngaire Woods Keywords: global; multinational corporations; environment; human rights; regulation; NGOs Abstract: Self-regulation by multinational corporations of social/environmental impacts has been advocated as a solution to the regulatory capacity problems faced by developing states. Market pressures can provide incentives for firms to implement codes and standards, and also rely on widely available information about corporate behavior. Voluntary schemes attempt to provide reliable, standardized reporting of information. But government action -- in the North and South -- remains vital to effective regulation, by setting social goals and upholding the freedom of civil society actors to organize and mobilize. International organizations and legal instruments may be able to assist developing country governments in fulfilling these roles. Author Affiliation: University of Oxford, UK Article History: Accepted 20 April 2005

Concerns about order and justice in the globalizing world economy have often been addressed to international organizations. Protesters gather in large numbers around meetings of the International Monetary Fund (IMF) [...]

Over the last decade, the International Monetary Fund (IMF) and the World Bank have embraced 'good governance' as a set of principles to guide their objectives in member countries. Both institutions now face pressures to apply some similar standards of transparency, accountability and participation to themselves. This paper examines the challenges this poses for the organizations, beyond the steps they have already undertaken to disseminate more information and to enhance their relations with nongovernmental organizations (NGOs). The paper argues that if 'good governance' is to be furthered within the IMF and the World Bank, then changes in their constitutional rules, their balancing of stakeholders' rights, their decision-making rules and practices, and their staffing and expertise need to be considered.

Focuses on the existing problems of governance among countries at the end of the Cold War. Move of the international organizations to take steps on how to advance a system of good governance; Core principles of good grievance; Consensus and problems of accountability; Voting structures.

The article discusses how the UN Deputy Secretary-General and the Director-General of WHO was entrusted with offering guidance to political leaders on approaches needed to promote sustainable action on antimicrobial resistance (AMR). The costs of not addressing the rising rates of AMR could lead to an annual reduction in global gross domestic product. It adds that the Tripartite Collaboration on AMR is the current UN-focused governance arrangement.