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Bridging gaps between policies for sustainable markets and market practices

Bridging gaps between policies for sustainable markets and market practices Purpose– The problem addressed is how policies to promote sustainable development may be implemented in market practice. The purpose of this paper is to present a conceptual framework on which further research on sustainable market practice can be based. Design/methodology/approach– Literature and conceptual analysis as regards sustainable development and policies to promote sustainable markets. Frameworks from theorizing about markets and about institutions. Findings– The context of policy initiatives aiming at sustainable development is characterized by substantial heterogeneity and is inherently conflictual and multidimensional. Stakeholders, NGOs, governments as well as market actors are involved in policy processes. A market practice perspective is suggested. Specific issues for research are how policy practice interacts with market practice and how sustainable markets actually perform sustainable development over time and space. Practical implications– Implications for how policy actors and market actors might act to bridge the gap by awareness of market shaping process in market practice. Originality/value– Contribution to holistic understanding of links between policies, market practice and sustainable development. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png IMP Journal Emerald Publishing

Bridging gaps between policies for sustainable markets and market practices

IMP Journal , Volume 10 (2): 18 – Jun 13, 2016

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
2059-1403
DOI
10.1108/IMP-01-2016-0002
Publisher site
See Article on Publisher Site

Abstract

Purpose– The problem addressed is how policies to promote sustainable development may be implemented in market practice. The purpose of this paper is to present a conceptual framework on which further research on sustainable market practice can be based. Design/methodology/approach– Literature and conceptual analysis as regards sustainable development and policies to promote sustainable markets. Frameworks from theorizing about markets and about institutions. Findings– The context of policy initiatives aiming at sustainable development is characterized by substantial heterogeneity and is inherently conflictual and multidimensional. Stakeholders, NGOs, governments as well as market actors are involved in policy processes. A market practice perspective is suggested. Specific issues for research are how policy practice interacts with market practice and how sustainable markets actually perform sustainable development over time and space. Practical implications– Implications for how policy actors and market actors might act to bridge the gap by awareness of market shaping process in market practice. Originality/value– Contribution to holistic understanding of links between policies, market practice and sustainable development.

Journal

IMP JournalEmerald Publishing

Published: Jun 13, 2016

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