Recasting the Die. Towards Strengthening Democratic Control of the Power of Transnational Corporations.

Friedrich Ebert Stiftung

Global

There is a need for greater democratic control of the power of Transnational Corporations, which are key drivers of a new paradigm of international economic and social power relations that control 80% of international trade. Emphasizing the necessity of combating »corporate capture,« it highlights three policy areas where the power of TNCs has been particularly evident—investment regimes, taxation systems, and labor in the context of human rights. In addressing the democratic deficits and the massive power of TNCs in these three areas it is argued that there is a need for civil society and governments not only to develop specific responses in each area but also to move beyond the level of addressing each individually to finding common ground for a more comprehensiveapproach. For example, the nascent status of strategic corporate research in regard to campaign strategies to build union power and forge broader social movement alliances needs a broader horizon that includes investment and taxation and possibly other areas as well.

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