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Managing multinationals: the governance of investment for the environment

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  • Peter Newell

    (Institute of Development Studies, University of Sussex, Brighton, UK)

Abstract

This paper explores the possibilities and limitations of different approaches to the regulation of transnational corporations in a context of globalization. Looking at environmental initiatives in particular, the paper considers the pros and cons of emerging public and private strategies for promoting corporate responsibility from a development perspective. The role of 'civil regulation', litigation against companies, and international legal instruments are assessed in this light. It is argued that each of these approaches, while not necessarily complementary, has a role to play in promoting positive investment strategies and deterring irresponsible investment practices in developing countries. Copyright © 2001 John Wiley & Sons, Ltd.

Suggested Citation

  • Peter Newell, 2001. "Managing multinationals: the governance of investment for the environment," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(7), pages 907-919.
    • Handle: RePEc:wly:jintdv:v:13:y:2001:i:7:p:907-919
    DOI: 10.1002/jid.832
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    References listed on IDEAS

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    1. Neil Kearney, 1999. "Corporate Codes of Conduct: the Privatized Application of Labour Standards," Palgrave Macmillan Books, in: Sol Picciotto & Ruth Mayne (ed.), Regulating International Business, chapter 11, pages 205-220, Palgrave Macmillan.
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    Cited by:

    1. Peter Newell, 2008. "Forum 2008," Development and Change, International Institute of Social Studies, vol. 39(6), pages 1063-1078, November.
    2. Paul Missios & Halis Murat Yildiz & Ida Ferrara, 2009. "Foreign Direct Investment and the Choice of Environmental Policy," Working Papers 004, Toronto Metropolitan University, Department of Economics.
    3. Börzel Tanja A. & Hönke Jana & Thauer Christian R., 2012. "Does it really take the state?," Business and Politics, De Gruyter, vol. 14(3), pages 1-34, October.
    4. Peter Lund-Thomsen & Adam Lindgreen, 2014. "Corporate Social Responsibility in Global Value Chains: Where Are We Now and Where Are We Going?," Journal of Business Ethics, Springer, vol. 123(1), pages 11-22, August.
    5. Van Alstine, James & Barkemeyer, Ralf, 2014. "Business and development: Changing discourses in the extractive industries," Resources Policy, Elsevier, vol. 40(C), pages 4-16.
    6. Ida Ferrara & Paul Missios & Halis Murat Yildiz, 2015. "Pollution havens, endogenous environmental policy, and foreign direct investment," Southern Economic Journal, John Wiley & Sons, vol. 82(1), pages 257-284, July.
    7. Kudłak, Robert, 2019. "The role of corporate social responsibility in predicting CO2 emission: An institutional approach," Ecological Economics, Elsevier, vol. 163(C), pages 169-176.

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