Tag Archives: multinationals
“Most leading oil multinationals fall well short of best practice on revealing financial data and combating corruption, a survey unveiled today by Transparency International… claims. …The survey of 42 companies highlights growing worries that – in an era of booming crude prices – too little is being done to combat corruption and state mismanagement of oil wealth. …
TI says oil companies have important responsibilities in the areas its report assesses, including publishing the sums paid to host countries, revealing details of reserves and production costs, and publishing data on anti-graft policies and sanctions on employees who break them. Continue reading
—Syed Mohammad Ali
Much is written about the evolving nature of state systems and the subsequent range of responsibilities assumed by them for the purported benefit of their citizenry. However, a major bulk of such thought is based on political frameworks of analysis. Thinking about a state from a primarily developmental perspective receives relatively less attention. Yet the growing prominence of multinational entities in the contemporary world order has at least managed to nudge the concept of developmental responsibilities of a state to the centre of international policy debates. Besides thinking of the state primarily in geo-strategic terms, or with reference to sovereignty, ideology or political legitimacy issues, this recognition has led to considering more closely measures adopted by states for achieving human development goals.
There are some underlying reasons why the concept of development is gradually being acknowledged as one of the pivotal responsibilities of a state. The glaring prevalence of socio-economic disparities that continue to tarnish the claims of incremental global progress provides ample moral justification for adjusting the conventional criteria for assessing states. Moreover, the growing realisation that environmental problems like climate change are hardly containable within national boundaries has also compelled international consensus that all states must be urged to pursue sustainable models of development. The security threat posed by fragile states to their own citizens, as well as to those of more affluent states, has further justified the need for focusing on the developmental role of states. Continue reading