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The UN: From Code of Conduct to Global Compact: and Transnational Corporations: And Transnational Corporations: From Code of Conduct to Global Compact ... (United Nations Intellectual History Project)
 
 
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The UN: From Code of Conduct to Global Compact: and Transnational Corporations: And Transnational Corporations: From Code of Conduct to Global Compact ... (United Nations Intellectual History Project) [Paperback]

Howard V. Perlmutter , Tagi Sagafi-Nejad , John H. Dunning

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"Essential reading for those concerned with the role of the United Nations in influencing global business." Peter J. Buckley, University of Leeds "This book is essential for anyone who wishes to understand the evolution of attitudes toward foreign direct investments in the developing world in over the past 50 years"--Louis T. Wells, Harvard Business School

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Are transnational corporations (TNCs) and foreign direct investment beneficial or harmful to societies around the world? Since the birth of the United Nations more than 60 years ago, these questions have been major issues of interest and involvement for UN institutions. What have been the key ideas generated by the UN about TNCs and their relations with nation-states? How have these ideas evolved and what has been their impact? This book examines the history of UN engagement with TNCs, including the creation of the UN Commission and Centre on Transnational Corporations in 1974, the failed efforts of these bodies to craft a code of conduct to temper the revealed abuses of TNCs, and, with the advent of globalization in the 1980s, the evolution of a more cooperative relationship between TNCs and developing countries, resulting in the 1999 Global Compact.

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Amazon.com:  1 review
3 of 3 people found the following review helpful
Excellent read 15 Jan 2009
By Leocadio Villarreal - Published on Amazon.com
Format:Paperback
An extraordinary book; what does the UN do? What are the goals? What are the policies to make it function adequately?
These and more questions are answered in the book by Professor Sagafi-Najed.
A book of the time, there is no other way for the world but international trade, become global.

About the three scenarios discussed in Chapter 9.
Fission, Fusion or Confusion.- very descriptive about the potential consequences the forces in action could bring.
"...bring all stakeholders in the system together-fusion- and the forces that pull them apart- fission. The outcome may be eventual convergence or perpetual confusion."

The "real-world," besides being intrinsically dynamic, acquiring new facets and technologies, has to be in accord with your excellent remark.
"Although members of the UN galaxy have developed along functional lines, each of them dealing with a number of related issues, the multidimensional nature of many real-world challenges requires new organizational configurations"

An Organization should have capacities of enforcing its statues, and regulatory mandates, for which your suggestion, however you point out that:
"The World Trade Organization was empowered to investigate and enforce rules to punish violators. Its viability and utility is fortified with a kind of power UNCTAD does not have."

"... the problematique itself has changed from a focus on TNCs to the broader phenomenon of globalization and from confrontation and control to cooperative work and harnessing; now more hands are extended than swords drawn. ... add, proliferation of instruments..."

Excellent approach to the forces that divide and approximate the nations; some of them appear to be unreachable at the time, others difficult to dim, but all have no additional alternative than to be confronted.

Talking about that "most countries seek the assets, technology, management skills, market access, and global scope of TNCs and encourage their involvement in the quest of developing countries for economic development.
...
Market based solutions to problems of promoting efficient and sustainable economic development. At the same time, there is near-consensus that the market must be properly "governed" through simple and transparent formal rules, trust-based commercial relationships, a balance of encouragements and penalties, and an understanding of, and general agreement on, the basic rules of engagement."
...

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