2008 Articles

2007 Grotius Lecture Regulating Multinational Corporations: Towards Principles of Cross-Border Legal Frameworks in a Globalized World Balancing Rights with Responsibilities

Stiglitz, Joseph E.

The article focuses on the regulation of multinational corporations in the U.S. It notes the modern economic theory that clarifies the role of markets and the government along with the importance and limitations of property rights. It states that governments have the right to pass corporate governance laws and environmental regulations to further the well-being of their citizens. Several principles that guide the future evolution of international laws and regulations are also mentioned.