Globalization and corporate social responsibility: the need for mandatory regulation of foreign direct investment in conflict zones
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AbstractThough Canada has adopted a 'human security' agenda that is meant to guide its foreign policy, its adherence to globalisation as a policy prescription places it at odds with this agenda in many areas. This thesis uses a case study of the operations of a Canadian oil company in Sudan to demonstrate how a lack of regulation of Canadian corporations abroad, particularly those operating in conflict zones, is incongruent with Canada's human security agenda. Two types of regulatory vacuums are identified and then analysed within the context of globalisation. It will be argued that Canada needs to strengthen existing laws and create new ones for governing the overseas activities of its transnational corporations if human security is to be an effective policy guide. However, this is unlikely to happen in a political climate that favours neo-liberal trends taking place under globalisation and which favours corporate self-regulation over mandatory legal regulation.
Bibliography: p. 155-164