Seminar paper from the year 2015 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 10.00, Lancaster University, language: English, abstract: The transnational corporations and globalisation of economic activities has led to two broader issues i.e. corporate social responsibility and corporate governance. Though, they are well appreciated by mass population but still it has certain negative socio-economic effects. As certain writers have pointed out, corporations are special organisations which have enormous impact and influence upon different economies. This is especially in context to the developing economies, where the local government don't have any other option but to go ahead with the terms and conditions of these corporations. In order to exploit the environmental regulations, lower standards on working conditions and basic worker rights, many corporations from developed countries like United States have begun their operations in developing countries of Asia and Africa. But, these corporations claim that they create more jobs and work within the law. While some of these claims are now often unearthed and attacked by social activists and media.