Codes and the Obligations of Multinational Enterprises (Late 1960s–Early 1980s)
This chapter presents an overview of the expansion of foreign direct investment and the new international economic order in the late 1960s and early 1980s. It describes two recommendations concerning the control of multinational enterprises: the establishment of a new and permanent commission on transnational corporations; and the establishment of an information and research centre on transnational corporations within the UN secretariat to provide technical assistance to developing countries on issues relating to MNEs and to undertake preliminary work on the formulation of a code of conduct. This chapter also discusses non-governmental efforts to create international codes of guidelines for multinational enterprises as well as the global policy responses to issues surrounding the regulation of MNEs at national, bilateral, and regional levels.
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