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Environmental Responsibilities of Multinational CorporationsAnonyme, Friday, January 17, 2003 - 14:52
Dan Marques
The 21st century has had a significant impact on the way national and local governments, high-finance institutions, policymakers and especially multinationals should face economic development. The gravity of social and environmental problems has gotten to the point that the amoral leading elite of the planet cannot ignore them anymore. Problems such as food security, biodiversity losses, agricultural land degradation, water scarcity, and cultural losses have just started to be treated a little more carefully by the media. In other words, neo-liberal globalization is bringing many controversies regarding the traditional view of economic development. The big issue is how to manage well forces such as technological innovation and transfer, the spread of knowledge, the world’s growing population vis-à-vis the aging population, and the increasing pressure for political and human rights, accordingly to the challenges cited above. Among these new trends, there is one that has been particularly affected over the last decades, the environment. Driven by their profits and motivated by the lack of laws and regulations by governments, transnational corporations have been playing around with the environment in the way it serves them best. This paper will show how multinational corporations are acting towards mother nature by making a link with management practices and the consequences for the environment which directly and indirectly impacts on our lives. Brief Review of Multinational Corporations’ Roles in the World Today: Guided by this mentality of a neo-liberal capitalist money-driven society, protected by the claim of supporting economic development and some seeing themselves as targets of the structural adjustment policy (SAP) of the IMF, States and these high finance organizations are giving these companies all they need to accomplish their goal. Therefore, these transnational firms play a crucial role in our system today with power to make decisions almost above the law. Effects of MNCs Practices on the Environment: Examples of What MNCs Do To Harm the Environment: |
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