What is Multinational Companies

This chapter analyses the complex relationship between multinational companies and human rights in the era of globalization. Although they contribute to economic and social development, these companies also generate challenges, such as violations of human rights and environmental degradation at a global level. The text explores the economic, environmental, and social challenges, as well as legal risks, highlighting the lack of effective mechanisms at both national and international levels. The text examines business impunity in relation to insufficient regulatory loopholes and sanctions, as well as state responsibility in the extractive, textile, and technological sectors. It explores the global perspective of companies as subjects of international law and presents international theories and proposals, such as the UN treaty, as potential solutions. In conclusion, a multidimensional approach is needed to address these challenges, including stricter regulations and changes in state responsibility, in order to balance economic growth with respect for human rights.