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35 U.C. Davis L. Rev. 705 (2001-2002)
Corporate Social Responsibility in an Era of Economic Globalization

handle is hein.journals/davlr35 and id is 719 raw text is: Corporate Social Responsibility in an Era of Economic Globalization Cynthia A. Williams TABLE OF CONTENTS IN TRO D U CTIO N ................................................................................................ 706 I. THE CORPORATE SOCIAL RESPONSIBILITY LITERATURE .................... 711 A . The Predom inant View ................................................................. 711 B. Competing Views on Corporate Social Responsibility ................. 715 II. AN EXAMINATION OF THE PREDOMINANT POSITION ........................ 717 A. Brief Overview of Transnational Economic Activity in the G lobalizing Econom y .................................................................... 720 B. The Corporate Social Responsibility Dilemma ............................. 721 C . The Lim its of Law ......................................................................... 724 1. The Undermining of Sovereignty: Problems in the Proactive Application of State Power ............................... 725 a. Relocation as a Method of Choosing the Applicable Regulatory Structure ................................ 726 (1) Environm ental Law .......................................... 727 (2) Labor Law .......................................................... 731 b. The Effects of Globalization on Countries' Motivation to Pass Protective Laws ........................... 736 I would like to thank the participants in the Davis Symposium on Corporate Governance for their comments on an earlier draft of this paper, as well as members of the faculty at the University of Colorado and at Fordham University Law School, where an earlier draft was presented. I would particularly like to thank members of the faculty at Georgetown University Law Center for their comments on an earlier draft and for their hospitality during the academic year 2000-01. This Article was written while I was a Sloan Fellow at Georgetown in the Sloan-Georgetown Project on Business Institutions during 2000-01, and so I warmly acknowledge the financial support of the Sloan Foundation as well.