By Timothy L. Fort
ISBN-10: 0511266006
ISBN-13: 9780511266003
ISBN-10: 0521832624
ISBN-13: 9780521832625
International protests supply the deceptive effect that multinational enterprise pursuits are at odds with making a accountable and peaceable society. This booklet argues by contrast false impression and contends that companies can actively give a contribution to peace inside societies. enterprises that advertise monetary improvement, enable exterior assessment in their affairs, and construct a feeling of group either in the corporation and within the wider society can in truth make an excellent contribution to fostering peace.
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Additional info for The Role of Business in Fostering Peaceful Societies
Example text
Economic imperatives and competitive pressures may make consideration of political and moral goals beyond the scope of corporate responsibility. Historically, there may be some justification for this reticence, an issue addressed in chapter 3, but the twenty-first century may not replicate the geopolitical conditions of previous centuries. In large part, this may be due to the balances of power that exist among various institutions including nation-states and multinational corporations, and the relationship corporations have with governments and nongovernmental organizations (NGOs).
Joseph Milburn Thompson, Justice and Peace: A Christian Primer 58 (1997). Ibid. 100 Largest Economic Table, above n. 26, at F-1. David I. Oyama, World Watch, Wall St. , August 29, 2001, at A6; India: IMF Reviewing Conditionalities, Hindu, August 30, 2001, at 1; see also David Cortright, The Price of Peace (1997) (analyzing the various incentives governments can use to encourage reforms that contribute to peace). As an example, Cortright cites to the economic incentives provided by the USA to Czechoslovakia from 1990 to 1992, which included IMF and World Bank resources, market access in the form of MFN status, economic assistance, investment guarantees and credits, and transfer of technology in return for guarantees on the use of such technology.
I. Contemporary models: balances of power A. Corporate notion of balance of power Particularly in developed countries, there can be an understandable tendency to think of corporations as private organizations with relatively autonomous authority granted by state chartering. Under this 41 42 The Role of Business in Fostering Peaceful Societies conception, businesses may act to maximize profits provided they do not violate laws enforced by a typically viable government. There is confidence in this model because, at least in First World countries, governments have the capability to enact and enforce regulations.