What is one ethical guideline that multinational enterprises are encouraged to follow?
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Signed in but can't access contentOxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian. Institutional account managementFor librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more. Abstract Multinational corporations (MNCs) have provoked considerable debate about the issues of "efficiency" and "social justice." The simultaneous surge in economic growth and inequality has led to serious implications for economic rights in developing countries. Using a rights-based perspective, we argue that in the human rights area the responsible party is generally the state. In the context of neoliberal globalization, however, the wrongdoers are often corporations. Reliance on state duties alone may not be sufficient to broadly protect human rights. Certain corporate behaviors are detrimental to internationally recognized norms of human rights. Although private actions, media exposure, and lawsuits based on civil law appear to be the only practical way to put the pressure on MNCs, it is important to examine the possibility of an outside governing body to hold in check unfettered global capitalism and to bring accountability to MNCs' policies that are socially detrimental. Journal Information After more than a quarter century, Human Rights Quarterly is widely recognized as the leader in the field of human rights. The Quarterly provides information on important developments within the United Nations, and governmental and non-governmental regional human rights organizations. The journal highlights current work in human rights research and policy analysis, reviews of related books, and philosophical essays probing the fundamental nature of human rights as defined by the Universal Declaration of Human Rights. By providing decision makers with insight into complex human rights issues, the Quarterly helps to define national and international human rights policy. Publisher Information One of the largest publishers in the United States, the Johns Hopkins University Press combines traditional books and journals publishing units with cutting-edge service divisions that sustain diversity and independence among nonprofit, scholarly publishers, societies, and associations. Journals The Press is home to the largest journal publication program of any U.S.-based university press. The Journals Division publishes 85 journals in the arts and humanities, technology and medicine, higher education, history, political science, and library science. The division also manages membership services for more than 50 scholarly and professional associations and societies. Books With critically acclaimed titles in history, science, higher education, consumer health, humanities, classics, and public health, the Books Division publishes 150 new books each year and maintains a backlist in excess of 3,000 titles. With warehouses on three continents, worldwide sales representation, and a robust digital publishing program, the Books Division connects Hopkins authors to scholars, experts, and educational and research institutions around the world. Project MUSE® Project MUSE is a leading provider of digital humanities and social sciences content, providing access to journal and book content from nearly 300 publishers. MUSE delivers outstanding results to the scholarly community by maximizing revenues for publishers, providing value to libraries, and enabling access for scholars worldwide. Hopkins Fulfillment Services (HFS) HFS provides print and digital distribution for a distinguished list of university presses and nonprofit institutions. HFS clients enjoy state-of-the-art warehousing, real-time access to critical business data, accounts receivable management and collection, and unparalleled customer service. Rights & Usage This item is part of a JSTOR Collection. What are the rules of multinational corporations?In traditional international law, multinational corporations have rights but no obligations. In practice, therefore, multinational corporations are subject only to the domestic laws of the different states in which they operate.
What are the OECD guidelines?The OECD Guidelines for Multinational Enterprises (OECD Guidelines) are recommendations from governments to multinational enterprises on responsible business conduct. The OECD Guidelines set standards for responsible business conduct across a range of issues such as human rights, labour rights, and the environment.
What is essential for multinational companies?To become a multinational corporation, the business must be large and must own a huge amount of assets, both physical and financial. The company's targets are high, and they are able to generate substantial profits.
Which of the following is one of the main reasons for multinational corporations to move their operations overseas?One of the main reasons is that they are seeking larger markets for their products, not only in the country where they are investing but also in neighboring countries or those it has trade agreements with.
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