Borrowing Against the Future: Children and Third World Indebtedness
Author(s)
Bradshaw, York W.; Noonan, Rita; Gash, Laura; Sershen, Claudia Buchmann
Abstract
One of the most important aspects of the rise of post-1945 global capitalism has been the call for transnational corporations to conform to basic human rights principles. This chapter reviews the efforts within the oil industry (with a particular focus on their operations in the less-developed countries) to develop corporate social responsibility and the related development of voluntary, legal, and statutory programs by governments, nongovernmental organizations (NGOs), civic groups, and multilateral agencies to ensure that the oil industry is compliant with important human, social, political, and environmental rights. In reviewing these developments, I outline the current political economy of the oil industry, new bodies of research on the relations between oil, violence, and human rights violations, which include case studies of the human rights records of transnational and joint-venture oil operations.
