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"What Trajectory for the Regulation of Transnational Corporate Responsibility?
The framework for transnational corporate responsibility along global value chains (GVCs) is in flux. While the legal mechanisms have generally become tighter in recent years, the development follows no uniform trajectory. With scattered, disparate, and overlapping initiatives and regulatory regimes currently coexisting, it seems an open political question which regulatory paradigm will prevail in the medium and longer term. This chapter zooms in on specific transitional moments in the regulatory evolution of corporate responsibility. The dominant narrative portrays this evolution as roughly two decades of linear progress from ‘voluntary' (deemed ‘ineffective') corporate social responsibility to ‘mandatory' (and hence deemed more ‘effective') instruments, with each stage reacting to deficits of the previous one by imposing tighter standards, leaving fewer gaps, and allowing stricter enforcement. While this sequential understanding of corporate responsibility with each stage implementing selective improvements indeed captures an important dynamic within corporate responsibility, it paints an incomplete picture. First, it stresses rupture over continuity and thereby distracts attention from shared and structural deficits of the regulation of corporate responsibility across its different ‘stages'. Second, it assumes regulatory discourses of corporate responsibility to be largely self-referential and isolated from broader regulatory developments in other fields. These two limitations have deflected the debate from exposing certain structural difficulties in regulating complex value chains, as well as the deeper political dynamics at play in framing regulatory ‘innovations'.
Against this background, this chapter examines the example of reporting regulation as deployed to address different dimensions of corporate responsibility, including modern slavery. Among the substantive goals on the agenda of corporate responsibility, curbing modern slavery is arguably the most intricate. Intrinsically linked to and sustained by the business model of offshore capitalism, modern slavery forms a ‘viable management practice for many enterprises' (Crane, 2013: 49)."

This work is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/).

"This chapter deals with child labour in value chains, whether global value chains (GVCs) or domestic value chains (DVCs). This chapter goes beyond the usual question of the regulation of child labour in value chains to consider the conditions necessary for the elimination of child labour. This chapter is the product of many years of research on this topic by the two authors, sometimes jointly and at times along with other researchers. The empirical base of the analysis in this chapter comprises the various studies carried out by the authors, jointly or separately, of child labour in the garment GVCs in Delhi (Bhaskaran et al., 2010); in the global and DVCs of handicrafts in Jaipur, matches in Sivakasi, stone quarries in Rajasthan, brick kilns in Malda, West Bengal, knitwear and fireworks in Tirupur, Tamil Nadu (Nathan and George, 2012); cotton production in Punjab and Haryana (IHD and Save the Children, 2014); and of gems, lac bangles, and embroidered garments in Jaipur (The Freedom Fund, 2018). One of the authors (Varsha Joshi) led the Child Helpline, which is the key agency in the identification and rescue of child labour in Jaipur, so we were able to use the insights gathered in the course of her work in rescuing child labourers. While the data leading to the chapter's analysis are mainly from Indian cases, the analysis itself is applicable to other, developing countries in the Global South where child labour still exists in serious dimensions. The chapter's policy prescription of combining higher adult earnings at the base of the labour force pyramid with compulsory and quality education is relevant to all developing countries of the Global South.
After this introduction, the next section deals with types of child labour and the implications for different types of interventions. This is followed by a summary of the different types of interventions of both public and private regulation that have been undertaken to eliminate child labour in value chains, both global and domestic. The elimination of child labour involves."

This work is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/).

"This article investigates the role of labor market institutions for social inequalities in employment. To distinguish institutional impacts for men and women, age groups and educational levels the analysis draws on data from 21 countries using the European Union Labor Force Survey and the Current Population Survey 1992–2012. The analysis demonstrates that there is significant heterogeneity in the relationship between institutions and employment across social groups. In line with the literature on dualization, institutions that arguably protect labor market insiders, i.e. employment protection, unionization and unemployment benefits, are frequently associated with greater inequality between typically disadvantaged groups and their insider peers. By contrast, institutions that discriminate less between insiders and outsiders, i.e. active labor market policies, minimum income benefits and centralized wage bargaining at times boost social equality on the labor market. The insider/outsider argument provides a valuable heuristic for assessing heterogeneity in institutional impacts, yet in several instances the results deviate from the expectations."

"From a brilliant longtime AI insider with intimate access to the world of Sam Altman's OpenAI from the beginning, an eye-opening account of arguably the most fateful tech arms race in history, reshaping the planet in real time, from the cockpit of the company that is driving the frenzy

When AI expert and investigative journalist Karen Hao first began covering OpenAI in 2019, she thought they were the good guys. Founded as a nonprofit with safety enshrined as its core mission, the organization was meant, its leader Sam Altman told us, to act as a check against more purely mercantile, and potentially dangerous, forces. What could go wrong?

Over time, Hao began to wrestle ever more deeply with that question. Increasingly, she realized that the core truth of this massively disruptive sector is that its vision of success requires an almost unprecedented amount of resources: the “compute” power of high-end chips and the processing capacity to create massive large language models, the sheer volume of data that needs to be amassed at scale, the humans “cleaning up” that data for sweatshop wages throughout the Global South, and a truly alarming spike in the usage of energy and water underlying it all. The truth is that we have entered a new and ominous age of empire: only a small handful of globally scaled companies can even enter the field of play. At the head of the pack with its ChatGPT breakthrough, how would OpenAI resist such temptations?

Spoiler alert: it didn't. Armed with Microsoft's billions, OpenAI is setting a breakneck pace, chased by a small group of the most valuable companies in human history—toward what end, not even they can define. All this time, Hao has maintained her deep sourcing within the company and the industry, and so she was in intimate contact with the story that shocked the entire tech industry—Altman's sudden firing and triumphant return. The behind-the-scenes story of what happened, told here in full for the first time, is revelatory of who the people controlling this technology really are. But this isn't just the story of a single company, however fascinating it is. The g forces pressing down on the people of OpenAI are deforming the judgment of everyone else too—as such forces do. Naked power finds the ideology to cloak itself; no one thinks they're the bad guy. But in the meantime, as Hao shows through intrepid reporting on the ground around the world, the enormous wheels of extraction grind on. By drawing on the viewpoints of Silicon Valley engineers, Kenyan data laborers, and Chilean water activists, Hao presents the fullest picture of AI and its impact we've seen to date, alongside a trenchant analysis of where things are headed. An astonishing eyewitness view from both up in the command capsule of the new economy and down where the real suffering happens, Empire of AI pierces the veil of the industry defining our era."

"The integration of artificial intelligence (AI) systems in the workplace is reshaping labour processes by automating managerial functions such as task assignment, supervision and evaluation, deepening power imbalances and creating new worker vulnerabilities. Platforms are central to this debate, remaining key sites where algorithms structure and control work. In response, the EU introduced its first comprehensive AI regulatory framework in 2024: the AI Act and the Platform Work Directive (PWD). These initiatives are expected to play a decisive role in shaping platform governance, while the AI Act also extends more broadly to algorithmically managed workplaces. However, the AI Act allows industry self-assessment, limits oversight and provides minimal worker protection. By contrast, the PWD addresses algorithmic risks more robustly, including correct worker classification and greater transparency, though its scope is limited to platform workers. This creates a fragmented framework: broad but weak protections under the AI Act versus stronger but narrower rights under the PWD. This article critically assesses the EU's regulatory framework, arguing that dominant approaches reduce worker participation to symbolic gestures, based on an assumed harmony between labour and capital. As an alternative, it advances a worker-centred perspective grounded in the recognition of conflict and the view of technology as a contested space. This approach offers an alternative understanding of platform governance while simultaneously aiming to strengthen workers and trade unions across sectors by broadening the scope of transparency information rights, veto powers, and collective bargaining cut in half keeping reference to platform governance as a key part of the debate."

This work is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/).

"Why was there no fundamental change of financial regulation after the 2008 credit crunch? This article argues that the limited regulatory changes of German and British financial markets can be explained by the influence moral boundaries between legitimate and illegitimate financial practices had on policymakers' crisis perception. In German public debate of 2008, speculation as opposed to firm investment was seen as cause of the crisis. The British crisis narrative held illegitimate profits responsible that were gained from excessive risk-taking as opposed to risk management. These distinct legitimizing patterns (a) fostered a selective perception of the crisis that downplayed domestic structural causes of the crisis, and (b) directed regulatory efforts away from fundamental reforms. In fact, both national debates saw the institutional regime of their financial markets re-affirmed by the crisis and in need of readjustment. Conceptually, the article shows the affinity between public moral boundaries of legitimate economic practices and the core institutional principles of market regimes."

"Anticipating risks has become an obsession of the early twenty-first century. Private and public sector organisations increasingly devote resources to risk prevention and contingency planning to manage risk events should they occur. This 2010 book shows how we can organise our social, organisational and regulatory policy systems to cope better with the array of local and transnational risks we regularly encounter. Contributors from a range of disciplines - including finance, history, law, management, political science, social psychology, sociology and disaster studies - consider threats, vulnerabilities and insecurities alongside social and organisational sources of resilience and security. These issues are introduced and discussed through a fascinating and diverse set of topics, including myxomatosis, the 2012 Olympic Games, gene therapy and the financial crisis. This is an important book for academics and policy makers who wish to understand the dilemmas generated in the anticipation and management of risks."