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Narrowing the Accountability Gap: Toward a New Foreign Investor Accountability Mechanism

I. INTRODUCTION

An ever-increasing number of standards, guidelines, principles, norms, and best practices (hereinafter "standards and norms") have been adopted to address the environmental and social impacts of multinational enterprises ("MNEs"). This increase in standards and norms corres ponds to a rise in MNE sensitivity to the environmental and social impacts that their activities have on local communities in developing countries.1 Well-known examples of these standards and norms include the Organisation for Economic Cooperation and Development's ("OECD") Guidelines on Multinational Enterprises,2 the United Nations Global Compact,3 the World Commission on Dams' Principles and ...

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