Social responsibilities of multinational corporations - Essay Example

Only on StudentShare

Extract of sample
Social responsibilities of multinational corporations

Over the years, MNCs have been criticized for various reasons despite their many advantages. It is believed that they pay less regard to human rights and the environment. Criticisms also include the fact that MNCs have resulted in huge conglomerates in different countries, which overall reduces competition and violates the concept of free market economy. They are believed to raise money in the host countries of the MNC and then ship the profits back to that country, but at the same time using the other country’s labor, resources, cultures etc. In short, MNCs are believed to exploit human beings from all over the world apart from the host country. However MNCs also have certain advantages both for the host and the home country. The standard of living of the countries will increase regardless because investment and employment increase and people have greater purchasing power parity. The host country usually gets free flow of information and technology through this institution as well as expertise which may not be available in their own country. Domestic business also gets greater competition and business due to functioning of MNCs. Those who support MNCs believe it doesn’t reduce competitiveness but actually increases it, due to the breaking of local monopolies. ...Show more

Summary

[Instructor Name] Social Responsibilities of Multinational Corporations A multinational corporation or MNC is an enterprise which exists in more than one country with registration and it also operates in many countries. It is usually large in size and does production and selling of goods and services in many countries…
Author : cwunsch
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Social responsibilities of multinational corporations"
with a personal 20% discount.
Grab the best paper

Related Essays

The principal cause of the financial crisis:corporate governance failure. financial crisis of 2007-2008.
With this change due to globalization, the thought process of people has also significantly influenced and they have realized their priorities.The policy makers realized the necessity of interdependence and co-operation in encouraging the international trade.
8 pages (2000 words) Term Paper
Philosophy - Social Justice
They argue that it is not possible to conceive people as inherently equal with entitlement to same rights and privileges (Dudley, p. 73) From such perspectives, it is not easy to get a definition of the phrase justice society that will be generally accepted across the spectrum.
4 pages (1000 words) Essay
Social responsibilities of multinational corporations
Different scholars have argued about the role of corporations in complying with host country laws and promotion of their human rights. While others feel the corporations have failed, others fell that corporations are doing all they can to fulfil their social responsibility.
7 pages (1750 words) Essay
Multinational corporations and sweatshops
Here, the two companies major in product designing and marketing but rely on a number of contractors to build shoes and sew clothes that suit their specifications. One of the chief expectations by the two companies is high quality goods
6 pages (1500 words) Essay
Social Media Ethics
As the report stresses many people especially businesses adopted this technology and established different internets sites such as MySpace, Twitter, Instagram, Facebook designed to enable users to establish a profile having information about the user. Social network sites permits people to create social networks with thousands of people.
5 pages (1250 words) Essay
Determinism, Compatibilism, and Libertarianism
This essay discusses determinism, compatibilism, and libertarianism. Discussion whether human action is pre-determined or is as a result of free will started ancient time and until today no concrete solution has been obtained. Free will, choice, liberty, and determination are terms that seem similar yet different in philosophical meaning.
7 pages (1750 words) Essay
Social Justice and Social Order
There is the sagacity of the loss of simplicity, legitimacy and spontaneity. The directive of the individual within a bureaucratic and administered world proscribes genuine feeling and sentiment. The procedure of civilization thereby entails the taming of savage feeling.
13 pages (3250 words) Essay
Social Construction
Although, the assertion that realities are socially constructed has gained considerable consensus from the academic community, the question of the agency that builds the socially constructed realities is not adequately resolved. The agency or authorship of language, culture, social groups and macro structures in the making of the social construction of reality has been highlighted by theorists from radically different platforms.
8 pages (2000 words) Essay
Global ethical Issues.
This is because it seeks to define just wars not by how they waged but by why they are waged, or, in other words, what moral
2 pages (500 words) Research Paper
Passage
He also emphasizes on the interdependence of individuals. According to Marx, the complete abolition of private property and upheaval of current social structure liberates the individual, as the context becomes world-historical. This also results
1 pages (250 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT