ABSTRACT
This chapter argues that experience of the Western financial crisis makes it even more imperative that economic governance issues, hitherto peripheral to the focus of the Compact, must now become central to its future. It suggests a new work programmes on how Compact members influence or conduct financial speculation, tax management and evasion, corruption, corporate lobbying, monopolistic practice, electoral financing, rebel and civil war financing, third world debt, and consolidation of media ownership. The chapter also suggests that the Compact take measures so that its existence did nothing to undermine efforts to enhance mechanisms for mandatory corporate accountability, and even help its members to contribute to an enhanced accountability regime. It also argues that ‘learning to talk more broadly’ about the economic governance issues is key to achieving systemic change in markets in line with the Compact’s two main goals.
