Topic > The negative impact of multinational corporations on…

A corporation is a form of business organization in which the company is a separate legal entity from its owners. As companies grow and become multinational, their interests and influence expand accordingly. The decisions made by these companies are always made with the primary goal of increasing profits. It goes without saying that decisions made by companies often consider public interests inferior to their own, so many of their decisions have a disastrous impression on the public. Multinational corporations Wal-Mart, Nike and Gap have negatively impacted the world through human rights abuses, through their control of the media and by putting small, local businesses out of business. Multinational corporations are often major violators of human rights. “When human rights defenders begin to tackle corporate crime, they often do so in the absence of serious government support. As a result, they are tempted to resort to voluntary codes of conduct adopted by companies themselves. At best, This -Monitoring represents "enlightened self-interest" on the part of companies seeking a stable investment climate. At worst, it is nothing more than a public relations ploy that can impede human rights by providing companies with cover from the Public scrutiny is usually more motivated by their profits than by humanitarian interests and this makes the free market and its corporate agents rather dubious guarantors of human rights." (Light 1999) Large corporations often use or lobby for terms that result in manipulated international trade agreements and pacts, in order to maximize profits, through things like cheap labor. (Vander Stichele 1998) This can be seen in the form of sweatshops or child labor in... middle of paper ......d be more severe and the scope of their influence needs to be reduced. ReferencesAnderson, Sarah and John Cavanagh. Top 200: The Rise of Global Corporate Power. Institute for Political Studies. 2000. June 3, 2006. Bagdikian, Ben H. The Media Monopoly. 6th ed. Beacon P, 2000. xxxvi.Luce, Julie. “Repression, Inc: The Assault on Human Rights.” Corpwatch. February 4, 1999. June 2, 2006. McCann, Lucy, comp. Catalog of the Anti-Apartheid Movement Archive, 1956-98. 2002. Bodleian Library, University of Oxford. June 5, 2006 .McChesney, Robert W. “The New Global Media: It's a Small World of Big Conglomerates.” The Nation November 11, 1999. June 4, 2006. Shaw, Arthur H. The Lincoln Encyclopedia. New York: Macmillan, 1950.Vander Stichele, Myriam. “Towards a global transnational organization?” WTO Booklet Series, Volume 3, Transnational Issue. April 30th 1998.