CORPORATE LAW IN THE ERA OF GLOBALIZATION: A REVIEW OF ETHICAL IMPLICATIONS AND GLOBAL IMPACTS

Authors

  • Chidiogo Uzoamaka Akpuokwe Independent Researcher, Seattle, Washington State, USA
  • Seun Solomon Bakare Grotius Centre for International Legal Studies, Faculty of Law, Leiden University, Netherlands
  • Nkechi Emmanuella Eneh Department of Public Law, University of Cape Town South Africa
  • Adekunle Oyeyemi Adeniyi United Nations Population Fund, Sri Lanka

DOI:

https://doi.org/10.51594/farj.v6i3.857

Abstract

The landscape of corporate law has undergone significant transformations in the era of globalization, where businesses operate across borders, transcending traditional jurisdictions. This paper provides a comprehensive review of the ethical implications and global impacts associated with the evolving dynamics of corporate law in a globalized world. Examining the ethical dimensions, the paper delves into the challenges posed by the increasing influence of corporations on a global scale. It scrutinizes the ethical responsibilities of businesses in navigating complex international environments, emphasizing the need for a framework that balances profit motives with societal well-being. The paper explores ethical considerations related to corporate social responsibility, environmental sustainability, and the treatment of diverse stakeholders. On a global scale, the impacts of corporate law are analyzed in the context of economic, social, and political dynamics. The paper investigates how globalization has facilitated the movement of capital, technology, and labor, influencing corporate structures and legal frameworks. It explores the role of international institutions and treaties in shaping corporate behavior and the challenges associated with harmonizing diverse legal traditions in the pursuit of ethical corporate practices. Furthermore, the paper critically evaluates the effectiveness of regulatory mechanisms in addressing ethical concerns in the globalized corporate landscape. It highlights case studies and examples that illustrate both positive and negative impacts, shedding light on instances where corporate law has successfully aligned with ethical principles and cases where regulatory gaps have led to detrimental consequences. This paper offers a nuanced exploration of corporate law in the era of globalization, unraveling the intricate interplay between ethics and global impacts. It contributes valuable insights for policymakers, legal practitioners, and scholars grappling with the complexities of fostering ethical corporate behavior within the context of an interconnected and dynamic global economy.

Keywords:  Corporate Law, global economy, Ethics, Globalization, Review.

Published

2024-03-09

Issue

Section

Articles