Social Responsibilities of Multinational Corporations The process of globalization today is surrounded by different controversies. These controversies have resulted in concerns that most multinational companies (MNCs) could be getting profits while neglecting their workforce, as well as contributing to the degradation of the environment…
In order to prove themselves right, and cover up their flaws in living up to their social responsibility, a few multinational companies have taken different steps that reflect adherence to their social responsibility. In this paper, I will argue that most multinational companies have disregarded their obligations to respect human rights of their host countries, and have continued to violate human rights indirectly, as they capitalize on the weaknesses in their host’s government systems, and lack of standard rights, while earning big profits in their host countries. Multinational corporations extend their production and marketing processes into different world regions. In the new business environment, these multinationals have a great political and economic influence on the host countries. These exploit the resources and labour in these countries with an aim of making more profits. It has been argued that the multinational corporations in the developing countries do more harm than good and function there without a social conscience. Most multinationals have chosen to operate in more developing countries because the business standards and restrictions there are less tight as compared to those in the West (Arnold 156). Some scholars have argued that multinational corporations play an important role in the modernization and globalization processes. This argument bases on the fact that these introduce new technology and capital market in the host countries. If the host countries are developing nations, they benefit from all the western assets that the multinational corporations come with. Although the multinational corporations might appear capitalistic, these serve the needs of the society, while pursuing their own interests. These corporations make maximum use of efficiency and productivity, with global operations, and help in the distribution of goods around the world. Some analysts have therefore argued that since the multinational corporations have a great impact in the world, their activities, links to the governments, and their general influence on the international system needs to be known (Arnold 156). Trends in human rights continue to change today, and human rights issues have ceased to become matters of the state only. There are more multinational corporations today, and some of the concerns raised about human rights issues come from these corporations. Today, different multinational corporations have been involved in a number of cases concerning their violation of human rights in the host countries. This is not a new happening, as human rights violations by multinational corporations can be traced back to the eighteenth century. The non-governmental organizations today accuse multinational corporations of causing environmental degradation in the host countries, exploitation of offshore factory workers, and the denying employees their right to association and free speech. However, the multinationals argue that they have a right to influence the public policy of their host country. However, these have a negative influence on the country’s public policy, therefore, failing to fulfil their social responsibility (Arnold 155). According to Donaldson, the rights people take for granted in the United States are greatly violated in some countries, and citizens are denied these rights. For instance, results of an interview conducted in Central America in 1987, ...
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There are many multinational corporations in the world today. For instance coca cola, Barclays, shell, Guinness Breweries, DHL, IBM, MTN and others. The presence and establishment of MNC in developing countries has brought a lot of debates all over the world.
It is sometimes also called an international corporation. MNCs play a major role in the rapid globalization of the world today. The first of their kind was British East India Company, which came about in 1600. The second one followed two years later called the Dutch East India Company.
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
Multinational corporations manufacture products in many countries and sell to consumers around the world. Money, technology and raw materials move ever more swiftly across national borders. Along with products and finances, ideas and cultures circulate more freely.
But it has more than a stabilizing function for society--it also embodies values. Socially responsible behavior is the root of all contracts. It is also fundamental to environmental and human rights laws. The socially responsible behavior reflects our social mores.
the ability to produce the goods and services at lower costs.
An example of Multinational Corporation is the Coca cola Company which is the largest beverage manufacturing company in the world. The company has been in existence since 1892 and manufactures, distributes and markets non-alcoholic beverages and syrups globally.
realist point of view, instability is prevalent in some countries as they attempt to join the global market being the main cause; however, a liberal’s argument on the matter is more rational because it depends on local strategies that extend to the international environment.
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