Market Fundamentalisms Business Ethics at the Altar of Human Rights

Upendra Baxi

in The Future of Human Rights

Published in print February 2008 | ISBN: 9780195690439
Published online October 2012 | e-ISBN: 9780199081059 | DOI:
Market Fundamentalisms Business Ethics at the Altar of Human Rights

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This chapter explores a particular set of practices of resistance to the onset of the trade-related, market-friendly paradigm of human rights, which takes the form of full reassertion of the Universal Declaration of Human Rights paradigm in relation to corporate governance and business conduct. This reassertion is articulated under the very auspices of the United Nations system, which otherwise fosters contemporaneously, and assiduously, the trade-related market-friendly paradigm of human rights. This chapter focuses on the Norms on the Responsibilities of Transnational Corporations and Other Business Enterprises with Regard to Human Rights, formulated by a Working Group of five independent experts. It explores five related themes: the dense intertextuality of the Norms and the Commentary; the ‘network’ conception of corporate governance and business conduct; ways of categorizing the range of general and specific obligations; strategies of implementation; and business ethics in relation to human rights.

Keywords: Universal Declaration of Human Rights; business ethics; human rights; corporate governance; business conduct; obligations; transnational corporations

Chapter.  11300 words. 

Subjects: Human Rights and Immigration

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