By Janet Dine
Looking purposes for foreign buying and selling regimes no longer assembly poverty aid ambitions, this ebook makes a speciality of the position of firms in the buying and selling method, and the complicated relationships among organizations, kingdom states and foreign firms. The activities of organisations and their underlying explanations are regarded as good because the constitution of the overseas buying and selling procedure and globalization.
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Extra resources for Companies, International Trade and Human Rights
Through their production, trade and investment activities, they are integrating countries into a global market. Through their control over resources, access to markets, and development of new technologies, TNCs have the potential to generate enormous benefits for poverty reduction. However, that potential is being lost. 51 The immense power of corporations is indicated by a comparison between the economic wealth generated by corporations, measured by sales, compared with a country’s gross domestic product (GDP).
Their pay was routinely withheld and after a strike to recover lost earnings managers switched off the electricity making the heat unbearable. 136 There are success stories. 137 Oxfam cites the case of Intel’s US $300million investment in Costa Rica where the company has moved beyond assembly to provide ‘a new centre for software development and the design of semi-conductors. It has also invested heavily in staff training, and in developing teaching and research facilities in universities and the Technology Institute’.
45 Similar conclusions about growing inequality were reached by the International Labour Organisation (ILO) in its 2004 report, A Fair Globalisation;46 while recognising that globalisation has great potential for good: we also see how far short we still are from reaching this potential. The current process of globalisation is generating unbalanced outcomes, both between and within countries. Wealth is being created but too many countries and people are not sharing in its benefits . . Many of them live in the limbo of the informal economy without formal rights and in a swathe of poor countries that subsist precariously on the margins of the global economy.
Companies, International Trade and Human Rights by Janet Dine