Article

Regulating Multinational Corporations and International Trade Law

Craig Forcese

in The Oxford Handbook of International Trade Law

Published in print January 2009 | ISBN: 9780199231928
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199231928.013.0026

Series: Oxford Handbooks in Law

 Regulating Multinational Corporations and International Trade Law

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This article focuses on the concept of corporate ‘accountability’, that is, the supervision and regulation of corporate activities rendering these entities responsive to a range of stakeholders, from employees to the international community. It suggests that there may be a more harmonious means of remedying corporate accountability concerns in a globalized economy than via ‘mandate creep’ in the trade law regime. This analysis discusses conventional understandings of corporate law and its corporate social responsibility critique. It offers a basic political economy of corporate social responsibility, juxtaposing application of the concept in underdeveloped legal systems with the situation existing in more robust legal systems. This article then examines corporate accountability from the optic of international trade law. It looks at the relevance of conventional trade law tools as a means of inducing corporate accountability. It then proposes a number of speculative multilateral alternatives.

Keywords: corporate accountability; globalized economy; multilateral alternatives; international trade law; conventional trade law

Article.  10647 words. 

Subjects: Law ; International Law

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