Amity University, Noida, India
Abstract. With the emergence of powerful 'cosmocorps', the social order has shifted in subtle ways but has made significant waves. People are constantly surrounded by products of MNCs and in the period of globalisation, this trend is here to stay. Today, MNCs have developed to such a stage that it influences politics, economies, development of regions, lifestyles and other trends. Needless to say, there are no walks of life that are untouched by these gigantic corporations. Also, the power they gain is only increasing day-by-day. As such, scholars from both international and domestic fields accept that they need to be regulated at least to some extent. International institutions have recognised the ability of powerful MNC to influence national policies in their favour. Besides, with nations competing for foreign investments, Governments are more likely to be lenient towards these companies. Therefore, international organisations encourage self- regulation. This paper discusses this method of regulation in an attempt to evaluate efficiency and efficacy of self- regulation.
The full version of the article can be accessed below..
Indic Journal of International Law, e-ISSN: 2582-8398, Volume 1(2) (2021).
Originally published on September 7, 2021