Global Managerial Economics Essay Example | Topics and Well Written Essays - 750 words - 1

Global Managerial Economics - Essay Example There are guidelines that need to be discussed with respect to setting up operations inside Mexico or any member of the NAFTA conglomerate. First, the OECD Declaration on International Investment and Multinational Enterprise drafted on June 27, 2000 and within the Annex outline the guidelines of multinational enterprises address the general policies in that they should: 3. Encourage local capacity building through close co-operation with the local community, including business interests, as well as developing the enterprise’s activities in domestic and foreign markets, consistent with the need for sound commercial practice 5. Refrain from seeking or accepting exemptions not contemplated in the statutory or regulatory framework related to environmental, health, safety, labour, taxation, financial incentives, or other issues 9. Refrain from discriminatory or disciplinary action against employees who make bona fide reports to management or, as appropriate, to the competent public authorities, on practices that contravene the law, the Guidelines or the enterprises policies Within other large automotive companies, using the example of General Motors, the importance of operating succinctly with foreign countries in an effort to work within the confines of NAFTA and OECD including the applicable corporate social responsibilities. For instance, General Motors’ Mexico Corporate Social Responsibility information includes: GM Mexico operations now recycle 94.5% of their hazardous and non-hazardous wastes. As a result of this recycling rate, all Mexico facilities eliminated the disposal of hazardous wastes in landfill beginning in August 2003. Hazardous waste is now recycled or used as alternative fuel. Since 2000, land filled waste has been reduced from 7,369 metric tons to 444 metric tons during 2003. The financial savings from this are calculated to be $990,173. Additionally Non-Hazardous Waste landfill has been