20

The Corporation in a Global Society

CHAPTER OUTLINE
  • Introduction
  • Factors Facilitating Globalisation
  • Role of Multinational Corporations
  • Caux Round Table
  • Key Global Issues for Business
  • Corporate Governance, a Pre-requisite for Globalisation

Introduction

With the World Trade Organisation (WTO) playing an active role and its hundred and odd members opening up their economies, globalisation is moving forward relentlessly, with freer movement of people, capital, jobs, trade and information. Global businesses operate in an essentially borderless society and have considerable power to effect change, while internationally the direct role of nation states is diminishing. In this fast changing scenario, there is an urgent need for a sustained ...

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