Regulating transnational corporation for environmental damage
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There is growing international concern about the growing power of transnational corporations ("TNCs") and the consequences of corporate practices and globalization for the environment, labor, and human rights. There has been a significant expansion, over the last decade, of international mechanisms to define and enforce economic rules that promote and protect global markets, and secure and advance the rights and economic interests of TNCs. But efforts by governments to articulate and enforce norms to protect the environment, labor and human rights have lagged. I am going to look at some of the ways employed by United States (U.S.) to regulate TNC’s activities to prevent environmental damage and the impediments involved in this process.