Adverse Impacts of Business and Transnationalism on Achieving the 2030 Sustainable Development Goals

Abstract ―​

Globalization has enabled an increase in economic cooperation between states and the development of so-called multinational companies. The increase in the complexity of production chains, brought with it a series of challenges, highlighting the lack of robust legal resources, the widening of social disparity through the search for lower production costs and the commitment of national sovereignties by multinational companies. All of these presents themselves as adverse impacts, especially when considering the 2030 sustainable development goals. This probe seeks to analyse the impact of increased global production chains and how the presence of multinationals affect the achievement of sustainable development goals. Among these, stand out how the ethical issues of global companies have violated these objectives, as well as the adverse impact of the failure of corporate social responsibility, and finally how corporate involvement in international politics and corporate transnationalism negatively impact sustainable development. A systematic literature review was adopted, through which selected texts on the themes of sustainable development, corporate transnationalism and their political and economic impacts were analysed. Global business can have both positive and negative impacts on sustainable development goals. In short, studies point out that the involvement of multinationals in international politics can cause a greater impairment of national sovereignty, the adoption of unethical practices and against corporate social responsibility has a negative impact on the goals of sustainable development and corporate transnationalism creates gaps legal that can be exploited to increase profits and commit to sustainable development.