Abstract
This chapter discusses the role of the UN Global Compact (UNGC) in the emerging global CSR infrastructure. It evaluates the debate around the effectiveness and legitimacy of the UNGC alongside the arguments of its supporters and critics. The chapter further identifies three theoretical perspectives that are used by scholars to discuss the performance of the UNGC: economic, socio-historical, and normative. It proposes that these perspectives can serve as generic distinctions with direct relevance for the evaluation of the UNGC. The perspective that is chosen drives towards a certain purpose and implies assumptions and design features with regard to the UNGC. Finally, the chapter offers a future research agenda, emphasizing the research needed on the UNGC in four areas: the identification of processes and influence mechanisms; legitimacy and effectiveness; local networks and regional development; and the interface between the UNGC and responsible leadership.
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