Regulating Transnational Corporations in Domestic and International Regimes : : An African Case Study / / Evaristus Oshionebo.

• Superior document: Title is part of eBook package: De Gruyter University of Toronto Press eBook-Package Backlist 2000-2013
• VerfasserIn: Oshionebo, Evaristus ,
• Place / Publishing House: Toronto : : University of Toronto Press, , [2016]; ©2009
• Year of Publication: 2016
• Language: English
• Physical Description: 1 online resource (384 p.)

Africa's natural resources have been of interest to other areas of the world for centuries. During the nineteenth-century European colonization of Africa, raw materials such as rubber and diamonds were often extracted and exported by foreign businessmen and colonial governments. Today's transnational corporations (TNCs) continue the practice.This study explores the range of strategies for regulating the social and environmental practices of TNCs in Africa's extractive industries. While acknowledging the partial success of conventional regulatory strategies, Evaristus Oshionebo argues that the current power imbalance between TNCs and African host governments makes them impossible to enforce effectively. Rather than simply critiquing the existing systems, Oshionebo proposes that a pluralistic approach, involving government agencies, corporations, non-governmental organizations, and local community associations in the regulatory process, might provide better results in Africa.Innovative and daring, Regulating Transnational Corporations in Domestic and International Regimes offers new and practical solutions to old, entrenched problems.

Table of Contents

Frontmatter -- Contents -- Preface -- Acknowledgments -- Abbreviations -- Introduction and Overview -- 1. The Social Irresponsibility of Transnational Corporations in Africa's Extractive Industries -- 2. Regulation of Corporations: Competing Models -- 3. Environmental Regulation in Nigeria and Ghana: Two Case Studies of Regulatory Failure in the African Extractive Sector -- 4. Complementary Regulatory Strategies: Self-Regulation and the Role of Civil Society Organizations in Nigeria and Ghana -- 5. Multilateral African Regulatory Mechanisms -- 6. The Regulation of Transnational Corporations under International Law -- 7. International Financial Institutions as Regulatory Mechanisms: The World Bank Group and the African Extractive Sector -- 8. Extraterritorial Regulation of Transnational Corporations in Their Home Countries -- 9. Towards Effective Regulation of Transnational Corporations -- Notes -- Bibliography -- Index