The Research on the Human Rights Responsibilities of Multinational Corporation in Global Supply Chains
Xiaoran Yu ()
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Xiaoran Yu: Harbin No.9 High School
A chapter in Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024), 2024, pp 413-424 from Springer
Abstract:
Abstract The emergence and growth of global supply chains have expanded the market for the world economy while simultaneously casting a spotlight on the human rights challenges associated with multinational corporations and their supply networks. Technological progress has shifted global supply chains from geographically dispersed models to those based on functional specialization. This evolution has also introduced a new structure within multinational corporations that encompasses three primary functions and promotes global cohesion, resulting in inconsistent oversight of corporate human rights obligations. Currently, global legal practices focusing on compulsory human rights due diligence fundamentally align with the primary demands of supply chain management. However, notable shortcomings that demand attention still persist. Given the slow advancement of the Industrial, Commercial, and Human Rights Treaty, the pressing need to oversee the operations of multinational corporations and their supply chains, and the growing acceptance of human rights due diligence legislation globally, there’s a clear need for the establishment of a framework convention. Such a convention would effectively support the enforcement of legal regulations concerning human rights due diligence among multinational corporations within global supply chains. Essentially, this framework would encompass legal foundations, state responsibilities, obligatory human rights due diligence, specialized oversight bodies, methods for resolving disputes, and remedies for suppliers. Furthermore, as a pivotal player in the global supply chain, China faces an immediate requirement to define the human rights obligations of multinational corporations operating within these networks, underscoring the country’s position and responsibilities as a developing nation.
Keywords: Global Supply Chain; Multinational Corporations; Corporate Human Rights Responsibility (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-542-3_48
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DOI: 10.2991/978-94-6463-542-3_48
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