ON-Lion Letter
"Global corporations (in particular those based in the North Atlantic and its emanations) are as vulnerable to the political, social, economic, and physical environment as they are integral to it," begins a recent paper from the German Marshall Fund of the United StatesTransatlantic Academy in Washington, D.C.

"They rely on stability in the rules that determine competition, even as the existing systems of state-based multilateral disciplines is under challenge," continues "Corporate Statecraft", by George Haynal.  "They rely on social stability in a wide diversity of often unstable and fragile polities to sustain long-term investments in plant, workforce, and markets.  They rely on predictability in the economic environment, including the swatches of that environment under corporate management, to sustain vital flows of capital.  They rely on predictable access to sustained access to raw materials, technology, and energy simply to operate."

Haynal is an Aurea Foundation Fellow with the Transatlantic Academy and a professor of corporate and diplomatic practice at the Munk School of Global Affairs at the University of Toronto.

"While they possess elements of virtual sovereignty, corporations do not yet, as a rule, engage with challenges in this external environment at a level that reflects either their capacity or their interests," according to Haynal.  In the paper, he "argues not only that corporations need to adopt a form of 'statecraft,' but that to do so, they need to develop the diplomatic culture and tools it demands.  It also provides some practical ideas on how that might be done."

Milwaukee's Lynde and Harry Bradley Foundation substantially supports the Transatlantic Academy.
Actions: E-mail | Permalink |