ABSTRACT
The socio-political equivalent of global climate change or a global economic meltdown is insufficient social capital to support global governance. At the global level, institutionalizing social capital into an international, inter-sectoral governance regime is much more complicated. The company brings organizational skills and international knowledge that, if shared widely, can reduce poverty in the host jurisdiction. It can build both human and social capital as part of a process of strengthening the capacity of the civil and public sectors. In a guilty-until-proven-innocent world, the global corporation has to have specialists who deal with framing stakeholder issues and building social capital, not only for the private sector, but in a win-win fashion for the greater common good. If businesses are to participate as global citizens contributing to an emerging inter-sectoral complementarity that can provide effective global governance, then they must be more assertive at the framing stages of managing issues, especially those connected to the Polanyian second movement.
