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Words: | Submitted: Fri Jan 28 2005
... the power of national governments to deal with traditional economic and social issues1. Critics charge that the ability of multinationals to manage production on a global scale and leap national borders in search of lower costs and higher profits now threatens democracy itself2. These monoliths are less attached than ever to their country of origin, they operate without territorial loyalty or connection, and as their loyalty fades so does any ultimate responsibility for their actions. There has been a growing voice from various quarters calling for a delimitation of the responsibilities of multinational corporations (MNCs) to reflect their increasing influence in society3. It is argued that corporations, though formed primarily to maximise profit, should be under more strenuous legal - as well as a moral - obligation to respect and promote national laws and social standards. Given this argument is not always accepted or enacted 'in spirit', nor reflected internally ...
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