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political economic factors that led to the rise of international corporate power and its
effects on international financial relations.
"The Role of International Corporations in International Trade and Investment"
by Kofi A. Annan. This paper discusses the role of international corporations in
promoting international trade and investment and the challenges and opportunities
that come with their increasing influence.
"The Influence of International Corporations on Global Governance" by Craig
N. Murphy. This article examines the influence of international
corporations on
global governance and the potential implications for democracy, human rights, and
sustainable development.
"Globalization,
International Corporations, and the Future of Capitalism" by
Richard D. Wolff. This paper provides a critical analysis of globalization,
international corporations,
and the future of capitalism, focusing on the economic,
social, and political implications of their increasing dominance.
"International Corporate Social Responsibility: A Comparative Study of
European and American Multinational Corporations" by Katarzyna Krot and Lukasz
Suwala. This study compares the corporate social
responsibility practices of
European and American multinational corporations and their impact on international
financial relations and sustainable development.
Analysis and results
The study found that European multinational corporations tend to prioritize
corporate social responsibility more than American multinational corporations.
European companies were found to have more advanced
environmental and social
policies and more transparent reporting practices. American companies, on the other
hand, tended to focus more on financial performance and shareholder value.
The study also found that there is a positive correlation between corporate
social responsibility practices and financial performance. Companies that prioritize
environmental and social issues tend to have better financial performance in the long
term.
Additionally, the study found that there is a positive relationship between
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corporate social responsibility practices and the perception of the company among
stakeholders, including customers, investors, and employees.
The study suggests that multinational corporations
should prioritize corporate
social responsibility as a means of improving their financial performance and
building positive relationships with stakeholders. Additionally,
the study
recommends that governments and international organizations should encourage and
incentivize corporate social responsibility practices among multinational corporations
to promote sustainable development and responsible international financial relations.
