PROSPER · Politics of Rulemaking, Orchestration of Standards, and Private Economic Regulations
Horizon 2020 — Marie Skłodowska-Curie Actions
- Duration
- 2019-09-01 → 2021-12-29
- EU contribution
- €191,149
- Participants
- 1
- Scheme
- MSCA-IF-EF-ST
Lines connect the coordinator with its partners.
Results in brief
Politics of Rulemaking, Orchestration of Standards, and Private Economic Regulations
In an era when economic populism has been threatening the global trade order, sustaining cooperation in global trade governance is becoming increasingly difficult. From the unilateral protectionist measures adopted by the US administration to the British exit from the European Union (EU), which has fueled the mobilization of domestic isolationist interests, states witness a number of challenges to the promotion and maintenance of a global, rule-based system to govern international commercial relations. Politics of Rule-Making Orchestration of Standards and Private Economic Regulations (PROSPER) aimed to shed light on the conditions under which such challenges can be met and to examine the role of private international actors, i.e., firms, which mobilize politically across global trade networks and influence trade policymaking in the European Union (EU). The overall objective of the project was thus to better understand the role of firms in trade governance. In terms of societal relevance, the project was able to shed light on the strategies of firms, e.g., multinational corporations (MNCs), and the ways in which they politically behave. Such investigation into the nature of firms' behavior is critical to better understand how policymakers can respond to these powerful actors' political mobilization, and also to ensure more (or less) equal interest representation.
Data: CORDIS, © European Union
Project objective
PROSPER is an interdisciplinary project that seeks to understand the politics of rule-making in the global trade regime. It primarily aims to examine how the growth of internationalization of production networks enables private actors – i.e. multinational companies (MNCs) – to be active in the shaping of international economic policies, such as trade agreements and regulatory standards. PROSPER will primarily investigate the extent to which MNCs are able to orchestrate political mobilization of their subsidiaries for coordinated lobbying and impose rules and standards upon firms along their supply chains. Applying international political economy (IPE) insights from the fields of political science, economics, and international law, the projects proposes that firms’ globalization strategies and their degree of integration into global production networks significantly affect their ability to be active in shaping global rules and standards. In order to test the empirical implications of the proposed theory, PROSPER will employ a mixed-method research design using quantitative analysis and in-depth case studies. The project will construct a comprehensive new dataset of MNCs and triangulate the results achieved through statistical analysis via comparative cases studies. As a result, by combining insights from political science, economics, and international law, the project will help us understand the dynamics of economic globalization and the role of private actors in the global trade governance.
Original text from CORDIS.
Participants
- UNIVERSITAET BERN · BernCoordinatorSwitzerland
Links
Data: CORDIS, © European Union