TY - RPRT U1 - Arbeitspapier A1 - Bleischwitz, Raimund T1 - Governance of sustainable development : towards synergies between corporate and political governance strategies T2 - Wuppertal Papers N2 - The paper explores a framework for analysing governance towards sustainable development. Departing from the thesis about a possible positive role for corporate action, it refers to recent theorizing about both market and government failures. Discussing externalities, public goods, information and adaptation deficits, as well as bureaucracies' self-interest, corruption and capture of the regulator, the paper stresses the importance of governance aiming at synergies between corporate and political governance. Concerning framework conditions, it outlines principles of regulated self-regulation. Following the thesis about a positive role, the paper adds recent insights about theories of the knowledge-based firm, which help to analyse market evolution. In this context, it outlines the concept of "responsible corporate governance". Because governance involves actors in their daily operations and certainly goes beyond setting a frame, the paper finally discusses innovation-inducing regulation, serving complementary functions to a framework and business operations. The conclusion is drawn that governments' main function is to facilitate learning processes, thus departing from states' function as known from welfare economics. Thus, governance will have to be explored as collective learning, involving business, governments, and civil societies’ actors. Y1 - 2003 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:bsz:wup4-opus-17337 UN - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:bsz:wup4-opus-17337 VL - 132 SP - 39 S1 - 39 PB - Wuppertal Institut für Klima, Umwelt, Energie CY - Wuppertal PB - Wuppertal Institut für Klima, Umwelt, Energie CY - Wuppertal ER -