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Back to Subjects - Political Science

MIA

MIA 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 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. Bibliography:

Word Count: 425