Research Handbook on Political Economy and Law
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Research Handbook on Political Economy and Law

Edited by Ugo Mattei and John D. Haskell

Events such as the global financial crisis have helped reveal that the drivers and contours of governance on a national and international level remain a mystery in many respects. Set in this context, this timely Research Handbook is the first to explicitly address the constitutive relationship between law and political economy. With scholarly contributions from diverse disciplinary and geographic backgrounds, this authoritative book covers, in three parts, topics surrounding money and markets, the relations of organization, and commodities, land and resources.
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Chapter 17: From the Dutch East India Company to the Corporate Bill of Rights: corporations and international law

Grietje Baars


The corporation – and especially its more complex, globally networked version, the multinational enterprise – is increasingly a target of intense debate. Critics report on ‘corporate complicity’ in conflict situations, environmental disasters and degradation in the oil, gas and mining sectors, the privatisation of war through the use of mercenary-like contractors, the monopolisation of intellectual property rights over essential medicines, the buying up of vast swathes of agricultural land in poverty-stricken areas of the Third World, the commodification and for-profit provision of various previously essential public services such as education and healthcare, and finally the seemingly reckless speculation on financial markets, leading to taxpayer-funded bailouts. It is felt that corporate power is able to grow unchecked, giving rise to ‘corporate excess’, that international trade rules are skewed in corporations’ favour,that bilateral investment treaties and instruments such as the putative transatlantic trade and investment treaty (TTIP) will provide a ‘Corporate Bill of Rights’, that ‘corporate accountability’ is falling short, and that we experience ‘governance by corporations’. Indeed, it has come to the point, perhaps the point of neoliberalism’s resolution between ‘the public’ and ‘the private’, that we increasingly look to corporations for leadership in both the realm of ideas and management. Although oftentimes corporations’ influence over, abuse of, or impunity from, international law is identified as a key cause of our discomfort with corporate power, a deeper understanding of the precise relationship between (multinational) corporations and (international) law remains absent in such critiques.

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