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Managing multinationals: the governance of investment for the environment
Author(s) -
Newell Peter
Publication year - 2001
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.832
Subject(s) - corporate governance , investment (military) , context (archaeology) , globalization , civil society , perspective (graphical) , business , economics , market economy , economic system , political science , finance , law , politics , paleontology , artificial intelligence , computer science , biology
This paper explores the possibilities and limitations of different approaches to the regulation of transnational corporations in a context of globalization. Looking at environmental initiatives in particular, the paper considers the pros and cons of emerging public and private strategies for promoting corporate responsibility from a development perspective. The role of ‘civil regulation’, litigation against companies, and international legal instruments are assessed in this light. It is argued that each of these approaches, while not necessarily complementary, has a role to play in promoting positive investment strategies and deterring irresponsible investment practices in developing countries. Copyright © 2001 John Wiley & Sons, Ltd.