Corporations and globalization
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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

Corporations and globalization


Corporation subject of international law no

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


The 2007 global 500

The 2007 Global 500

FORTUNE's annual ranking

of the world's

largest corporations

www.fortune.com


Largest corporations

Largest Corporations

  • Wal Mart Stores

  • Exxon Mobil

  • Royal Dutch/Shell

  • BP

  • General Motors

  • Toyota Motor

  • Chevron

  • Daimler Chrysler

  • Conoco Philips

  • Total


Most profitable coroprations

Most profitable coroprations

1. Exxon Mobil 2. Royal Dutch/Shell Group 3. United Airlines4. BP5. Citigroup


Biggest money losers

Biggest money losers

1. Ford Motor2. Vodafone 3. Delta Airlines

4. Delphi5. GM

6. Coca-Cola Enterprises


Institute for policy studies report 2000

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


Strongest economies of the world

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


Strongest economies of the world1

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


Corporations active in globalization

Corporations – active in globalization

  • Benefit from the economical growth

  • Benefit from liberalized trade

  • Benefit from free movements

  • Benefit from consumer needs and potential


Transnational coroprations

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


Corporation versus state

Corporation versus state

Functions of the states „overtaken” by

corporations:

  • Retirement programs

  • Educational programs

  • Medical insurance

  • Research programs

  • Development of new technologies


Corporations and human rights

Corporations and Human Rights


Corporations and human rights1

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


Labour force problem

Labour force problem

  • abuse of children

  • abuse of women

  • low payment

  • lack of healthy work environment

  • too long working hours

  • unsafe work conditions


Corporate social responsibility

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


Global compact

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


Corporation subject of international relations yes

Corporation – subject of international relations? YES

  • Influencial

  • Economically strong

  • With wide international interests

  • Present in most of the countries


Important vocabulary

Important vocabulary

  • profit

  • to dominate

  • activity

  • to support

  • transnational

  • benefit

  • work environment

  • force labour

  • social principles

  • trade partner


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