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Edited by Alice de Jonge and Roman Tomasic

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Edited by Alice de Jonge and Roman Tomasic

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Edited by Alice de Jonge and Roman Tomasic

Transnational corporations (TNCs) have moved to the forefront of regulatory governance both within states and in the international arena. The Research Handbook on Transnational Corporations provides expert background commentary and up-to-date insights into regulatory frameworks impacting on TNCs at global, industry and national levels. Written by global experts in their field, this unique collection of essays provides in-depth understanding of how the forces of globalisation affect the world’s largest corporations, and how those corporations, in turn, shape globalisation.
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Alice de Jonge

This chapter begins by introducing the history of the modern TNC since the founding of the United Nations in 1945. Part 2 is then devoted to charting the gradual evolution of regulatory norms aimed at shaping TNC behaviour – norms which have taken shape at corporate level, at industry sector level, at national level and in international forums. Finally, Part 3 highlights three recent developments with important implications for the future direction of the TNC in global society – the drafting of a new instrument on TNCs and human rights, the move towards taxation accountability for TNCs indicated in the OECD’s BEPS initiatives, and the ‘carving out’ of areas of national policy, including environment and health, to protect them from challenge under the ISDS provisions of the recently agreed TPP. Three themes are identified in the evolution of the modern concept of corporate social responsibility, and thus of the modern TNC – an evolving acceptance of increased transparency; an evolving acceptance of increased levels of accountability; and a move towards greater availability of effective remedies for individuals and groups detrimentally impacted by TNC behaviour.
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Alice de Jonge