Globalisation Asks for More Accountability

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Corporate Accountability > Best Practices > Globalisation Asks for More Accountability

Globalisation Asks for More Accountability
Nkosinathi Zvimba, CxO / Board, United Kingdom, Member

has seen the growth of multinational business such that it is estimated that over half of the largest ‘economic units’ in the world are corporations. Where such companies acted at one time with little apparent concern for , their effect on the social and physical environment has led to calls for improved accountability. The increase in non-governmental organizations (NGOs), such as Oxfam, Christian Aid and Amnesty International has further encouraged multinational corporations to reflect on their responsibilities at every stage of the production process. (...) Read more? Sign up for free
 

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Accountability and Globalization Require Stable Economy
Marjan Khan , Student (MBA), Pakistan, Member

I agree with your statement. But from my point of view, such things are only possible internationally where there is a stable economy also where there is abundance of resources.
Countries like Pakistan and India lack economic growth and stability, but there are resources which can help them.
In Pakistan there are not many firms who are operating on an international level. Also there are large numbers of non-profit organizations whose working is the same as a for profit organization, but they are working under the disguise of a non-profit organization.
Therefore from my point of view a stable economy in eastern countries can increase accountability, but such things need big changes and government attention.
 

 
Accountability and Globalization - The Context of MNCs
Lawrence Chinkhunda, Student (MBA), Malawi, Member

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Corporate Accountability in Growing Economies
Worknesh, Business Consultant, Ethiopia, Member

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