Date of Award
Economics, Corporate, responsibility
This thesis reviews the effect on economic openness that can be established by the presence of strong Global Compact local networks. The work identifies three measures of openness and four sets of domestic conditions in which the Global Compact operates, respectively: (1) prevalence of trade, (2) measures of foreign direct investment and foreign portfolio investment and (3) policy indicators of openness, in respect to democracies with (a) strong local networks or (b) weak local networks, as well as autocratic regimes with (c) strong or (d) weak local networks. A comparative study follows, looking at twenty-three years of data across fifty countries exemplifying the above domains, to determine what impact, if any, the Global Compact has had on economic trends and policy. By measuring the reciprocal effect that enhanced corporate responsibility is expected to have on public trust (reflected in economic policy), the author purports to strengthen an already robust business case for responsible and sustained membership in the Global Compact by demonstrating its utility in facilitating business friendly political climates in its host countries.
Woodcock, Thomas, "The Face of the Market" (2015). CUNY Academic Works.