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The Multilateral Investment System and Multinational Enterprises$
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Thomas L. Brewer and Stephen Young

Print publication date: 1998

Print ISBN-13: 9780198293156

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198293156.001.0001

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Codes and the Obligations of Multinational Enterprises (Late 1960s–Early 1980s)

(p.86) 4 Control
The Multilateral Investment System and Multinational Enterprises

Thomas L. Brewer

Stephen Young

Oxford University Press

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.

Keywords:   foreign direct investment, new international economic order, multinational enterprises, code of conduct, developing countries, regulation, technical assistance

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