The Centre for Research on Multinational Corporations (SOMO) is an independent, not-for-profit research and network organisation
working on social, ecological and economic issues related to sustainable
development. Since 1973, the organisation investigates multinational
corporations and the consequences of their activities for people and the
environment around the world. More...
The Greek people have cast an unequivocal majority vote against further budget cuts as proposed by European negotiators and the IMF. In line with a broad coalition of NGOs, scholars, economists and MPs, SOMO is calling for Greece’s debt to be cancelled and for these inhumane austerity measures to end.
A new edition of the EU Financial Reform Newsletter (3 July 2015) provides an overview of different financial and monetary problems and reforms the EU does not manage to solve. For example the Greek crisis.
Liberia is ‘back in business’. The Ebola outbreak left the country’s economy badly dented. But since the country was declared Ebola free on 9 May 2015, the government has been actively promoting private sector investment again. The first trade missions to the country are being organised by industrialised countries, such as the Netherlands which will visit the country in early July 2015. But are these foreign investments really desirable? The paper ‘Liberia: Back in business?’ by SOMO and Green Advocates shows that investments by the private sector run the risk not just of violating human rights, but could also spark conflicts between communities, companies and the Liberian government.
Academics, policymakers and practitioners join forces in meeting about private sector and conflict sensitivity
Research can provide insight into ‘the business case for peace’ and the ‘business case for conflict’. In the first case companies assign a positive economic value to peace and stability, whereas in the second case conflict is exacerbated by the presence of companies that take advantage of instability. However, too often research on the role of the private sector in fragile and conflict-affected situations does not trickle down to policymakers, civil society or the private sector itself, for that matter.
Allegations of corporate wrongdoing lodged under the OECD Guidelines for Multinational Enterprises over the past 15 years almost never resulted in companies being held accountable, OECD Watch's new analysis of cases has found.