Globalisation Asks for More Accountability

Globalisation Asks for More Accountability

Globalization 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 business ethics and corporate responsibility, 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.

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

		2 Lawrence Chinkhunda Student (MBA), Malawi
	Accountability and Globalization - The Context of MNCs This is an interesting topic more especially now that every economy seeks to be diversified. - The ... Sign up

		0 Worknesh Business Consultant, Ethiopia
	Corporate Accountability in Growing Economies I agree with the points above with reservation of the impact of globalization with nations that have... Sign up