The Effectiveness of National Government Regulation of Large Companies
DOI:
https://doi.org/10.54097/ijeh.v11i2.13531Keywords:
Transnational corporations, Regulatory environment, National governments, Neoliberalism, Globalisation, governance frameworks, Economic growth, Domestic firms, Global stakeholders, Regulatory challenges.Abstract
This study investigates the dynamic interplay between transnational corporations (TNCs) and their regulatory landscape. TNCs, as major players in the global economy, significantly influence both economic growth and the trajectory of domestic firms in less developed countries. However, this influence isn't always positive. The central theme of this paper is the challenges and complexities national governments face in regulating these corporate giants. Given the backdrop of neoliberalism and globalisation, the regulatory environment is ever-evolving and demands intricate analyses. Key to this is the development of robust governance frameworks which are imperative for striking a harmonious balance among the interests of TNCs, nation-states, and wider global stakeholders. An exemplary case is dissected to provide tangible insights into the discussed phenomena. The paper wraps up with insightful observations that shed light on potential future directions.
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