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Multinational corporations, private codes, and technology transfer for sustainable development

Author
Baram M.S.
Journal/Series
Environmental Law | Vol. 24(1); 33 - 65; 33 p.
Date
1994
Source
IUCN (ID: ANA-051180)
Publisher | Place of publication
Northwestern School of Law Lewis and Clark College | Portland, OR, USA
Language
English
Field of application
International
Subject
Environment gen.
Keyword
Business/industry/corporations Sustainable development Technology transfer
Abstract

Sustainable development requires the application of advanced technological expertise in the activities of multinational corporations. Private codes of environmental conduct are proliferating throughout the developed world, ensuring the application of the required technological expertise. However, multinational corporations generally do not follow these voluntary codes in developing nations. Several strategies are available to extend the effective application of private codes in the developing world. Reliance on private codes of environmental conduct enhanced by supportive strategies provides a pragmatic policy option for sustainable development