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Chapter Summary

The activities of certain transnational corporations (TNCs) in several countries, particularly in the third world, have led to various negative social and environmental implications. In relation to thoughts on a research agenda for Third World Approaches to International Law, S. Chimni discusses several possible areas for the re-thinking of this discipline and the critical intervention of international law scholarship, including increasing transparency of transnational corporations and ensuring sustainable development with equity. The linkages between foreign direct investment (FDI) and sustainable development are complex, and international law and policy provide some guidance on their interrelationships. The Organization for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises state that multinational enterprises usually comprise companies or other entities established in more than one country and so linked that they may co-ordinate their activities in various ways.

Keywords: foreign direct investment (FDI); International Law; multinational enterprises; OECD; Third World Approaches; transnational corporations (TNCs)



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