This chapter covers the discourses of corporate social responsibility and citizenship as relatively “deterritorialized” and “non-legal” responses to problems of corporate regulation. It explores two different formulations of responsibility in corporate regulation. The first formulation focuses on responsibility in the context of U.S.-based legal debates over the social and political effects of economic concentration, while the second formulation considers attempts to make transnational corporations behave responsibly through international legal frameworks and voluntary agreements. The chapter concludes with a description of Stephen Hymer’s lecture regarding the inability of private multinational capitalism to provide a world of peace and prosperity.
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