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March 29, 2008
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Free Essay, Research Papers, Term Papers |
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In the high tech age of today, business are looking for new ways to expand and get
their products out to the market. We already have many laws and organizations that
encourage this and try to help out the corporations. NAFTA, GATT, WTO and EECU
are all set up with corporations in mind. We are all striving for a free market economy so
that everyone has a chance but what risks will that impose on the consumer. That is
where the MAI comes in. The Multinational Agreement of Investors is trying to reach for
a free market.
The MAI has been being discussed since 1995. It started off as an idea in the
WTO and when some of the smaller countries rejected it, it went to the Economic
Cooperation and Development. This organization is made up of the 29 wealthiest
countries which are home to 95% of the top 500 corporations. This new agreement is very
strong and that is why it is still being held up in the discussion stage. If it does come true
it will allow corporations to build anywhere and make what they want that they think that
they can sell. it will also let the corps. move capitol more freely. The main viewpoint for
this is that it will eliminate discrimination of the corporations nationality.
The downfalls are that it gives the corporations the power to sue
government of the country that it is in if the corporation feels that its right to make profit
is being harmed. his comes as a big problem because then the corporation no longer has
to worry about doing things a certain way as long as they make money. This leaves the
people in the state helpless against their pollution and pricing power.
As of now this agreement is still being held up because France and Canada
dropped out of the discussions due to the large Non-Government Organizations that are
protesting the MAI. The other countries are trying to revive it because they think in the
long run it will be beneficial as we globolize are economies more.
I am very glad that the MAI is being held up right now. I feel that letting a
corporation become its own sovereign state is going to far. I want to have my share in
making money but it is still important to respect others believes and that is what the MAI
does not do. If that got passed I think that we would finally have a free market economy
and that it would crush everything.
Word Count: 425
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