Steps towards a CSR binding paradigm: A review of Locke’s book The Promise and Limits of Private Power (2013)

TLDR: In this paper, a dialogue on the global firms' regulation vis-a-vis human rights and labor standards in developing countries is pursued, and the authors argue that governments in developed countries need to be seen as major players in multinational corporations regulations.

Abstract: The purpose of this paper is to pursue the dialogue on the global firms’ regulation vis-a-vis human rights and labor standards in developing countries.,Locke’s book The Promise and Limits of Private Power is analyzed and discussed with respect to more recent global regulation literature and mechanisms.,Locke advocates that private voluntary regulation has to be combined with local laws in developing countries to fully enforce labor standards and workers’ rights. In light of recent changes, the interesting model proposed by Locke shows some weaknesses.,To enforce labor standards and workers’ rights in developing countries, the author argue that governments in developed countries need to be seen as major players in multinational corporations (MNCs) regulations. But above all, the economic model needs to be questioned.