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Shifting Macroeconomic Paradigms

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Chapter Summary

Corporations who embrace voluntarism are ceding "soft law" jurisdictional competence and ultimately oversight to human rights mechanisms for transnational corporate practices. By voluntarily relinquishing this competence, they are conceding eventual accountability. This concession, along with self-reformation of corporate practices, eliminates many economic elites as opponents of the International Criminal Court, which takes jurisdiction only in the most grievous cases of human rights abuses. Reformation of corporate practice, whether voluntary or mandatory, circumvents politicization of international criminal law by eliminating the political motives to protect certain regimes. The reformation of corporate practices acts as a pillar in the ongoing efforts to implement international human rights and is widely accepted by virtually all of the stakeholders as an indispensible component in achieving that goal.

Keywords: Corporate Practices; economic elites; human rights; International Criminal Court; Reformation



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