Recent scholarship on transnational business governance has begun to examine public-private interactions and the active role of governments. We make two key contributions that integrate and expand this literature. First, in juxtaposition to functionalist accounts, we foreground the fundamentally political and often contentious character of these interactions. As private transnational governance schemes and standards “hit the ground,” private-public interactions, we argue, are embedded in national political arenas and tied to domestic distributional struggles among competing regulatory coalitions. Building upon multiple empirical streams of research, we develop a political-strategic framework that maps the diversity of Southern government responses (substitute, adopt, repurpose, replace, or reject) to transnational private governance. Our framework shows that government responses are a function of both strategic fit with domestic industrial capabilities and structures, and strength of developmental state capacity. Second, our proposed framework adopts the vantage point of Global South governments and industries, particularly how development challenges and strategic options within global value chains affect their understanding of, and responses to, transnational schemes and standards. This is an important corrective to a Northern bias in the private governance literature.

中文翻译：

---

跨国企业治理的基础：全球南方政府应对的政治战略视角

最近关于跨国企业治理的学术研究已经开始研究公私互动和政府的积极作用。我们做出了两个关键的贡献来整合和扩展这些文献。首先，与功能主义的解释并列，我们突出了这些互动的根本政治性和经常有争议的特征。我们认为，随着私人跨国治理计划和标准“落地”，公私互动嵌入了国家政治舞台，并与相互竞争的监管联盟之间的国内分配斗争联系在一起。基于多个实证研究流，我们开发了一个政治战略框架，该框架映射了南方政府反应的多样性（替代、采用、重新利用、替换或拒绝）跨国私人治理。我们的框架表明，政府的反应是两者的功能战略契合与国内工业能力和结构，以及强度发展的国家能力。其次，我们提出的框架采用了全球南方政府和行业的优势，特别是全球价值链中的发展挑战和战略选择如何影响他们对跨国计划和标准的理解和响应。这是对私人治理文献中北方偏见的重要纠正。