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On Earth. Accessed 2 April Download references. Thanks to the Editor of Humanistic Management Journal and the two anonymous reviewers for their feedback on the earlier versions of the paper. I am also indebted to Professor Kevin Ibeh for his support and constructive comments on the earlier version of the paper. The usual caveat applies. You can also search for this author in PubMed Google Scholar. Correspondence to Frederick Ahen. Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
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Sorry, a shareable link is not currently available for this article. Provided by the Springer Nature SharedIt content-sharing initiative. Skip to main content. Search SpringerLink Search. Download PDF. Abstract The complex structure of the tragic aspects of globalization has been accounted for in extant literature. Introduction There are multiple phenomena that are transmuting into a delicate global economic and political turbulence Rosenberg ; Stiglitz Table 1 Features of globalisolationism Full size table.
And thus: There is only one holistic system of systems, one vast immane, interwoven, interacting, multivariant, multinational dominion of dollars. An Emerging Global Anarchy There is a litany of prominent novelties that require concerted action for change rather than shiny bandages. Full size image. Stakeownership: Reclaiming Dignity and Freedom in the Era of Globalisolationism Unlike stakeholders who affect and are affected by the firm Freeman , stakeownership is about communities deciding and defining what and who they allow to affect and be affected by—a reverse supported by a countervailing power Galbraith Graduated phases of globalisolationism.
Bullet points refer to the features of the phases. Discussion Current international management literature that seeks to engage this subject of global resource distribution and environmental in justice approaches the issue in a tricky fashion. Paul Adler writes in his book review: My reading of Polanyi suggests that enterprises in a capitalist economy cannot change their environmental practices far or fast enough to avert environmental crisis—neither spontaneously under the influence of wiser corporate leaders, nor pushed by greener consumers, and not even forced by more active government regulation.
Conclusions Based on Historicized Futures The central tenet of globalisolationism is conceptualized as a non-compromising coexistence or the diminishing acceptance of globalization and radical isolationism by design. References Aaron, Kiikpoye K. Google Scholar Acosta, Alberto. Article Google Scholar Ahen, Frederick. Article Google Scholar Alam, M. Google Scholar Ayres, Christopher J. Article Google Scholar Bakan, Joel. Google Scholar Banerjee, Subhabrata Bobby.
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Article Google Scholar Srikantia, Jessica. Article Google Scholar Standing, Guy. Google Scholar Stiglitz, Joseph E. Google Scholar Stiglitz, Joseph. Following the Rio Summit, the trend of deregulating of TNCs and of granting them more rights and freedoms, without corresponding accountability, has greatly accelerated, particularly with the conclusion of the Uruguay Round agreements.
This trend is likely to spurt ahead further if the OECD proposals for a multilateral agreement on investment and the WTO more on investment, competition and government procurement succeed.
That TNCs are the most important players involved in environmentally damaging activities can be gauged from the following:.
Case studies of the recent performance of 20 TNCs by Greer and Bruno show that despite the improved public relations exercises designated to foster the image of greater environmental responsibility and despite more voluntary codes of conduct by industry, there has been few change with the corporations continuing with activities that are environmentally harmful. With their growth, both in production volume and the geographical scope, big companies, based largely on the continuing use of unsustainable production systems and the promotion of wasteful lifestyles which in many cases displace more sustainable systems or lifestyles more environmental degradation worldwide must be expected.
Because of their greater technological capacity, the use of production techniques or substances that are often more ecologically damaging, and the larger volume of production that they characterise, TNCs usually have a negative effect on the environment when they newly produce in, or export to or increase their activities in an area.
With the increasing spread and market penetration and share of TNCs and big business concerns, the damaging environmental effect have increased. This effect is not been confined to Northern-based companies. In recent years there has been a significant increase in overseas investment and activities by companies based in developing countries, especially in East and South- East Asian.
For example, these companies account for a large part of new and increased forest logging and deforestation in Indochina, the Pacific and South America. Liberalisation policies and the environment. Within countries, the processes of liberalisation, commercialisation and deregulation have generally had adverse implications for the environment. This is true in the North as well as the South. In developing countries, whilst much of the research on structural adjustment programmes SAPs has focused on the development aspects of sustainability, there is a growing body of evidence that it has also contributed to the process of environmental deterioration.
In the designing of SAPs, environmental concerns have not been explicitly taken into account. The deregulation, privatisation and liberalisation measures that lie at the heart of SAPs have accelerated the development of environmentally harmful patterns of production and consumption, whilst the reduction of government budgets has affected the state's capacity to deal with environmental problems. By promoting external liberalisation, SAP has encouraged the increase in the extraction and export of raw materials in many countries, thus contributing to resource depletion and degradation.
It is known as the Amazon of China! The Tata Group conglomerate from India has made significant investments in Western economies e. Our subjects Our Subjects. Explore Explore. Contact Contact. Transnational corporations TNCs or multinational corporations MNCs are companies that operate in more than one country.
TNCs tend to have offices and headquarters located in the developed world. They often have factories in countries that are not as economically developed to take advantage of cheaper labour. When a TNC locates within a country, there are advantages and disadvantages. Advantages of TNCs locating in a country include:.
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