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The Power of Socialization: Engaging the Diamond Industry in the Kimberley Process

Published online by Cambridge University Press:  20 January 2017

Carola Kantz
Carola Kantz*
Affiliation:
London School of Economics, London
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Abstract

Research on conflict in resource-rich countries suggests that resource extraction companies contribute to tension but not development. In recent times, public-private partnerships (PPPs) have flourished, in which set up regulation is not against business but in joint cooperation with corporate actors. Yet PPPs are criticized for serving business self-interest and increasing business power rather than the common good. The paper takes the Kimberley Process and the diamond industry as an example to examine the multi-faceted nature of business power when this PPP was negotiated. The core of the argument is that realist-informed perspectives about business power in PPPs and constructivist accounts emphasizing socialization and social learning processes only tell one part of the story. While demonstrating that the diamond industry acted as a both a socializing and socialized agent, the analysis of the different facets of power shows that structural and discursive power were crucial elements in making socialization happen in the first place.

Keywords

Kimberley Processconflict diamondsdiscursive power
Type
Research Article
Information
Business and Politics , Volume 9 , Issue 3: Special Issue: Business Power and Global Governance , December 2007 , pp. 1 - 20
Copyright
Copyright © V.K. Aggarwal 2007 and published under exclusive license to Cambridge University Press 

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