Private municipal governance and the company town: applications past, present and future

摘要

Under private municipal governance, the firm contributes to the provision of public goods to the local population in conjunction with the host state's government and in cooperation with non-governmental organisations. The concept is put forward as a platform from which the multinational firm strives to develop a longer-term and mutually beneficial orientation to its sojourn in the developing country. The paper concludes that private municipal governance stands to work most effectively when it allows an array of actors from the first, second, and third sectors to do what they do best; in other words, partnerships in governance can allow for the developing country (and with it the firm) to benefit the most from specialisation.