How can we better understand the complex interaction effects that are triggered when businesses and international government agencies become partners in social development? To answer, this article presents field experiences of Heineken in the Democratic Republic of Congo, ethnic cleansing in Myanmar, and the United Nations Global Compact in Dubai, to show the impact of key multi-stakeholder business-development policies as experienced by millions of people. These cases help us understand business and sustainable development interactions by exploring existing research gaps regarding issues of discourse, guidance, and legitimacy. This article has four aims: (1) to show that business-development interactions are much more complex than most case studies are able to encapsulate; (2) to explore how unintended ripple effects of even the most promising “win-win” business-development policies can carry catastrophic consequences; (3) to illustrate the potential benefits of a novel methodology for future research on business, global governance, and sustainable development; and (4) to show how business and development concerns interconnect across and through the macro- and meso-levels of analysis down to local livelihood interactions and impacts. I contextualize these experiences to emerging scholarship, opening avenues for building theory and improving policy on business, development, and peace.

Rhetoric from both domestic and international policy actors equated foreign direct investment and robust business growth in Sierra Leone with an exit from fragility. To the contrary, the trajectory of private sector development experienced from 2002 to 2014 contributed to Sierra Leone's socio-political challenges, replicating in the contemporary period dynamics of grievance and exclusion that were root causes of the country's endemic instability and then civil war. This study challenges the practices and refines the ideas underlying the prevailing vision for business-led development in Sierra Leone and other fragile states. It links extensive documentation of the role of business in Sierra Leone with peacebuilding and statebuilding frameworks to present a novel perspective on the mechanisms of action of private sector development in contexts of persistent fragility. In doing so, it provides a foundation on which further theoretical propositions for the ordering of business-state relations in support of transitions from fragility to peaceful development can be developed and tested.