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Purpose and benefits

Francis Fukuyama of the John Hopkins School of Advanced International Studies is renowned for his insightful, provocative, and ground-breaking views on the development of international politics, economics, and commerce. His book "The End of History and the Last Man" —developed from an article of the same name—ignited debate about the future of the world political order in the post-Cold War era. In recent years, Francis Fukuyama has focused on the role of culture and social capital in modern economic life and on the social consequences of the transition into an information economy. In this article, he argues that civil societies, through a variety of channels, are becoming much more involved in setting global norms of behaviour for corporations. The result is an informal system of global governance that is emerging alongside official institutions such as the World Trade Organisation, and this has significant implications for the way that global corporations do business.