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The Multinational Corporation as a Political Actor: Varieties of Capitalism Revisited

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Added on  2021-04-17

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The third important topic which the article deals with is growth of control of governments over corporate organizations and changing scenario of government corporate relationship (Henisz, Dorobantu and Nartey 2014). The changing scenario of corporate social responsibility among the companies, product markets, capital market, culture and governments has again formed that crux of the article ‘Influence of national institutions on the corporate social responsibility practices of Small-and Medium-sized Enterprises in the food-processing industry: Differences between France and Morocco’

The Multinational Corporation as a Political Actor: Varieties of Capitalism Revisited

   Added on 2021-04-17

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Running head: CHANGING ROLES OF GOVERNMENTS AND COMPANIESChanging Roles of Governments and CompaniesName of the Student:Name of the University:.Author Note:
The Multinational Corporation as a Political Actor: Varieties of Capitalism Revisited_1
CHANGING ROLES OF GOVERNMENTS AND COMPANIES1Introduction:The journal ‘The Multinational Corporation as a Political Actor: ‘Varieties ofCapitalism’ Revisited’ written by David Detomasi is a composition that revolves aroundthe theme of political corporate special responsibilities set against the background of thechanging macro environmental scenario (Detomasi 2015). The organizing principle guidingthe entire article is, corporate organizations have emerged into responsible corporate citizensfrom mere manufacturers. Discussion:The article deals in adoption of corporate social responsibilities in a big way among thecorporate organizations and their collaboration with governments. The state-owned companiesare also expanding their operations beyond the borders of their home countries and benefitting bythe increasing support of the governments. The third important topic which the article deals withis growth of control of governments over corporate organizations and changing scenario ofgovernment corporate relationship (Henisz, Dorobantu and Nartey 2014). The changing scenarioof corporate social responsibility among the companies, product markets, capital market, cultureand governments has again formed that crux of the article ‘Influence of national institutions onthe corporate social responsibility practices of Small-and Medium-sized Enterprises in thefood-processing industry: Differences between France and Morocco’ (El Baz et al. 2016).The similarities between the articles by El Baz et al. and Detomasi lie in the fact that botharticles stress on collaboration between business organizations and the stakeholders likegovernments and product market and explore CSR from the point of view of companies. Dong,Burritt and Qian (2014) in their work named ‘Salient stakeholders in corporate socialresponsibility reporting by Chinese mining and minerals companies’ delve into adoption of CSR
The Multinational Corporation as a Political Actor: Varieties of Capitalism Revisited_2
CHANGING ROLES OF GOVERNMENTS AND COMPANIES2in the sectors like mining which apparently cause immense pollution during their operations. Thesimilarity between this article and the previous two articles lies in the fact that it too stresses onthe importance of CSR and collaboration between stakeholders like mining companies andgovernments (Balta et al. 2015). However, there lie marked differences between the approachesof these three articles and their themes chosen. Detomasi throws light on the evolving roles ofmultinational companies into corporate citizens, which operate to benefit stakeholders likegovernments and the society. The article by El Baz et al. (2016) delves into application ofcorporate social responsibilities in small-scale enterprises while the article by Dong, Burritt andQian studies adoption of CSR in mining industry. The third article can be considered a more indepth study of the first article because the leading players in the mining industry are MNCs(Detomasi 2015). The third article makes significant contribution towards the study of CSR andin fact, strengthens the first article. The limitations of the articles lie in the fact that they remainsilent about the immense contribution of consumers in enforcement of CSR and how the MNCstoday gain support of consumers to achieve their CSR. The strengths of the articles lie in their indepth study of CSR while their weaknesses lie in their shallow exploration of the collaborationbetween stakeholders in the achievement of CSR. The authors have used the word ‘stakeholders’in many places without specifying the exact stakeholders groups coming into play in theparticular contexts which was very puzzling and ambiguous (Gonzalez-Zapata and Heeks2015.).Conclusion:The most important aspect, which the three articles have pointed out, is the need for thecompanies to adopt corporate social responsibilities as component of their daily operations. Onecan point out to the tremendous pressure to attain financial and environmental sustainability
The Multinational Corporation as a Political Actor: Varieties of Capitalism Revisited_3

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