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Business-led peacebuilding in Colombia: fad or future of a country in crisis?

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  • Rettberg, Angelika

Abstract

This paper argues that the emphasis on the private sector’s contribution to fuelling armed conflict has neglected our understanding of business motivations operating in the opposite direction: building peace. Based on four cases of local business-led peacebuilding in Colombia, this paper concludes that these represent innovative and quite pragmatic solutions to the specific needs of companies faced with conflict. The paper suggests that factors explaining business-led peacebuilding include variables related to context (conflict costs; economic recession; and state absence) as well as to company-specific traits (nature of assets, size, and sectoral profiles; institutional trajectories; and the ability to free ride). The findings point to the importance of self-interest as an explanation of business-led peacebuilding and offer insights for scholars and policymakers interested in promoting private sector participation in overcoming crisis.

Suggested Citation

  • Rettberg, Angelika, 2004. "Business-led peacebuilding in Colombia: fad or future of a country in crisis?," LSE Research Online Documents on Economics 28201, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:28201
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    Cited by:

    1. DeGhetto, Kaitlyn & Lamont, Bruce T. & Holmes, R. Michael, 2020. "Safety risk and international investment decisions," Journal of World Business, Elsevier, vol. 55(6).
    2. Rettberg, Angelika, 2016. "Need, creed, and greed: Understanding why business leaders focus on issues of peace," Business Horizons, Elsevier, vol. 59(5), pages 481-492.
    3. Chang Hoon Oh & Jennifer Oetzel, 2017. "Once bitten twice shy? Experience managing violent conflict risk and MNC subsidiary‐level investment and expansion," Strategic Management Journal, Wiley Blackwell, vol. 38(3), pages 714-731, March.

    More about this item

    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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