Multinational Corporations & HR

Question 1

What do the UN Guiding Principles on Business & Human Rights do?

Answer 1

Oversee dissemination & implementation, give advice & visits

Question 2

Which are the three pillars for the UN Guiding Principles on Business & Human Rights?

Answer 2

• States have a duty to protect citizens against human rights violations
• Corporations have a responsibility to respect human rights anywhere
• States must guarantee an access to remedy in the event of human rights violations

Question 3

What is a multinational corporation?

Answer 3

Firm with foreign subsidiaries that extend the firm’s production and marketing beyond the boundaries of any one country

Question 4

What are externalities?

Answer 4

Any consequence of an economic activity or transaction that is experienced by an unrelated third party