Controlling Multinational Corporations: Approaches and Perspectives

The video discusses the influence of multinational corporations (MNCs) on global economies, highlighting both their benefits and challenges. It explores four approaches to regulate MNCs: political influences, legal controls, pressure groups, and self-regulation. Political influences involve government interventions to align MNC activities with local standards. Legal controls depend on the credibility of the legal system, with examples from the UK and Venezuela. Pressure groups use collective action to influence MNC behavior, often leveraging social media. Self-regulation involves MNCs adopting ethical practices, though trust issues remain. The video concludes by emphasizing the balance between regulation and MNC investment.

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