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Governance in the age of global markets: challenges, limits, and consequences

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  • Lawrence Busch

Abstract

We live in an age defined in large part by various facets of neoliberalism. In particular, the market world has impinged on virtually every aspect of food and agriculture. Moreover, most nation-states and many international governance bodies incorporate aspects of neoliberal perspectives. Multi-stakeholder initiatives (MSIs), with their own standards, certifications, and accreditations are evidence of both the continuing hegemony of neoliberalism as well as various responses to it. Importantly, to date even attempts to limit neoliberal hegemony through MSIs have been largely within the parameters established by those same neoliberal agendas. However, neoliberalism is itself in crisis as a result of climate change, the continuing financial crisis, and rising food prices. The founding myths of neoliberalism are still widely held, having the effect of closing off alternative paths to the future. Yet, this need not be the case. Alternatives to the current MSIs that promote justice, democracy, and equality can still be constructed. Copyright Springer Science+Business Media Dordrecht 2014

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  • Lawrence Busch, 2014. "Governance in the age of global markets: challenges, limits, and consequences," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 31(3), pages 513-523, September.
    • Handle: RePEc:spr:agrhuv:v:31:y:2014:i:3:p:513-523
    DOI: 10.1007/s10460-014-9510-x
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    Cited by:

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    2. Antonio A. R. Ioris, 2018. "The Politics of Agribusiness and the Business of Sustainability," Sustainability, MDPI, vol. 10(5), pages 1-21, May.
    3. Olga Rodak, 2020. "Hashtag hijacking and crowdsourcing transparency: social media affordances and the governance of farm animal protection," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(2), pages 281-294, June.
    4. Bennett, Elizabeth A., 2017. "Who Governs Socially-Oriented Voluntary Sustainability Standards? Not the Producers of Certified Products," World Development, Elsevier, vol. 91(C), pages 53-69.
    5. Douglas H. Constance, 2023. "The doctors of agrifood studies," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 40(1), pages 31-43, March.
    6. Mikkel Kruuse & Kasper Reming Tangbæk & Kristjan Jespersen & Caleb Gallemore, 2019. "Navigating Input and Output Legitimacy in Multi-Stakeholder Initiatives: Institutional Stewards at Work," Sustainability, MDPI, vol. 11(23), pages 1-27, November.
    7. John Reid & Matthew Rout, 2018. "Can sustainability auditing be indigenized?," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 35(2), pages 283-294, June.
    8. Muhammad Kamran Khalid & Mujtaba Hassan Agha & Syed Tasweer Hussain Shah & Muhammad Naseer Akhtar, 2020. "Conceptualizing Audit Fatigue in the Context of Sustainable Supply Chains," Sustainability, MDPI, vol. 12(21), pages 1-11, November.

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