The Global Compact's Contribution to Global Governance Revisited

The United Nations Global Compact (GC) is an international learning network thatlinks companies with United Nations agencies, labour and civil society. Neither aregulatory regime nor a voluntary code of industry conduct, it is a unique contribution to the process of global governance, where the traditional rules of the political game are being challenged by the introduction of new actors and new methods of political coordination in the political arena. As a first step, this paper examines the origins, mission and objectives of the initiative and relates them to the current organizational structure. As a second step, the progress on organizational and collective learning through the GC is explored. Here, the paper illustrates how the revised organizational structure has helped to improve both organizational and collective learning efforts. However, the potential of the GC’s local networks has apparently still not been fully exploited. In summary, the innovative, incomparable and flexible opportunities of the GC’s engagement mechanisms appear to simultaneously be the major strength and chiefweakness of the initiative. The paper concludes that the future success or failure of the GC will hinge upon the initiative’s ability to make substantial progress in quantitative (number of participating companies) and qualitative (value of participation) terms.