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Corporations and globalization

Corporations and globalization. Corporation – subject of international law? - NO. No ius contrahendi, ius standi or ius legationis No direct rights or obligations from international agreements Usually PRIVATE ownership

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Corporations and globalization

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  1. Corporations and globalization

  2. Corporation – subject of international law? - NO • No ius contrahendi, ius standi or ius legationis • No direct rights or obligations from international agreements • Usually PRIVATE ownership • Registered in one country with offices and representations spread throughout the world

  3. The 2007 Global 500 FORTUNE's annual ranking of the world's largest corporations www.fortune.com

  4. Largest Corporations • Wal Mart Stores • Exxon Mobil • Royal Dutch/Shell • BP • General Motors • Toyota Motor • Chevron • Daimler Chrysler • Conoco Philips • Total

  5. Most profitable coroprations 1. Exxon Mobil 2. Royal Dutch/Shell Group 3. United Airlines4. BP5. Citigroup

  6. Biggest money losers 1. Ford Motor2. Vodafone 3. Delta Airlines 4. Delphi5. GM 6. Coca-Cola Enterprises

  7. Institute for Policy Studies Report 2000 • Of the 100 largest economies in the world, 51 are corporations; only 49 are countries • U.S. corporations dominate the Top 200, with 82 slots (41 percent of the total). Japanese firms are second, with only 41 slots • There are now 40,000 corporations in the world whose activities cross national boundaries

  8. USA Japan Germany France United Kingdom Italy China Brazil Canada Spain Mexico India Korea, Rep. Australia Netherlands Russian Federation Argentina Switzerland Belgium Sweden Strongest economies of the world

  9. Austria Turkey General Motors Denmark Wal Mart Exxon Mobil Ford Motor Chrysler Poland Norway Indonesia South Africa Saudi Arabia Finland Greece Thailand Mitsui Mitsubishi Toyota General Electrics Strongest economies of the world

  10. Corporations – active in globalization • Benefit from the economical growth • Benefit from liberalized trade • Benefit from free movements • Benefit from consumer needs and potential

  11. Transnational coroprations • Foreign employment • Foreign sales • Foreign assets • World wide recognizable logo • Agencies in almost all the countries • Mostly located in USA, Japan and Europe

  12. Corporation versus state Functions of the states „overtaken” by corporations: • Retirement programs • Educational programs • Medical insurance • Research programs • Development of new technologies

  13. Corporations and Human Rights

  14. Corporations and Human Rights • Human rights violated by the corporations: 1. Economical  right to fair work condition 2. Social  right to social aid 3. Cultural  right to cultural environment

  15. Labour force problem • abuse of children • abuse of women • low payment • lack of healthy work environment • too long working hours • unsafe work conditions

  16. Corporate Social Responsibility • modern strategy of the corporations • philosophy of coroprate business • respecting interests of different groups: workers, investors, share-holders, trade partners • based on sustainable development • showing the human face of globalization

  17. Global Compact • United Nations program initiated by Kofi Annan in 1999 • brings together companies from all over the world • to support universal environmental and social principles

  18. Corporation – subject of international relations? YES • Influencial • Economically strong • With wide international interests • Present in most of the countries

  19. Important vocabulary • profit • to dominate • activity • to support • transnational • benefit • work environment • force labour • social principles • trade partner

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