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Multilateralism in Global Governance

Formal and Informal Institutions

Edited By Assel Tutumlu and Gaye Güngör

The aim of this edited volume is to bring back multilateralism in global governance research by going beyond the state-centric and formal models of multilateralism of the 1990s and deeper into the informal private agents and structures of global governance. The volume is situated within the third generation scholarly research tying together disparate efforts from various disciplines, such as International Relations, Public Administration, International Law and International Political Economy under the overarching theme of multilateralism approached from the three different angles: normative dimensions of global governance, issue-areas, such as migration and international trade, as well as the limits of multilateralism.
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Section 1. International Trade and Investment Regulation

Extract



Anna Aseeva1

Global Trade Governance and Informal Voluntary Standards: the Socio-Normative Analysis of Legitimacy of the ISO

This chapter focuses on some of the current socio-legal developments in trade and investment field and the related trend towards greater standardisation of national societal regulations based on international voluntary standards. The standards addressed here are international process- or management-based standards. Given the space limits, it will mainly concentrate on the International Organisation for Standardisation (ISO) standards. Companies generally voluntarily adopt those in order to carry a “social” license to operate, as today it’s the way to underline their good governance credentials. In transboundary trade transactions, obtaining such social licenses can be crucial for importing and exporting firms alike, as well as for countries within which those firms operate.

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