International

THE INTERNATIONAL COMMITTEE Issue 1: The Rights and Responsibilities of Corporations Development today is near linked to the globalization of trade and investment and the growth of transnational corporations (MNC). With advances in communication and transportation technology, it is now common for MNC in many industries to spread the production and sales of their products worldwide. As a result, these corporate giants have developed into major international actors in their own rightâ€"their bud commoves, organization and influence often pit that of most nations. In fact, at present, 51 of the top snow economies of the world are corporations. With size and influence has come criticism. Critics of MNC agitate corporations of moving production facilities to develop countries in order to attain from cheap labor, lax environmental and worker-safety standards, and easy access to topical anesthetic markets. The result, many argue, is a race to the bottom in which growth countries compete for foreign investment by progressively disassembly regulatory standards (on health, worker safety and the environment), by reducing eudaimonia programs, and lowering corporate taxes and trade barriers. There is another font to the story, however.

Proponents of foreign train investment (FDI) argue that MNC help the economies of developing countries by providing jobs, bringing in much-needed technology, improving worker productiveness and training, and boosting exports. The capital provided to developing countries by multinational corporations and foreign direct investment can be put toward expanding infrastructure, promoting development needs, and providing upbeat to impoverished people in society. If anyone is to blame for the ill set up of MNC activities it is the developing countries themselves. Ultimately, globalization requires states to be more responsible. Without certain elemental conditions such as fair and universal laws, political stability, and vacate trade already present, a nation is less... If you want to get a full essay, order it on our website: Orderessay

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