The business of human rights

5 important questions on The business of human rights

What is meant by human rights

worldwide consensus on a set of rights that are seen as fundamental for the dignity and worth of human beings. Interpretation and respect varies across countries, that is why there is more pressure to observe international rather than local standards.

Power of governments to regulate private sector has become more limited, and some argue that companies operate in a situation where markets are global, but human rights are not.  Absence of common standards has been referred as?

regulatory vacuum.

Entitlements that one holds by virtue of being a human being, they are held equally by everybody irrespective of gender, nationality etc.

human rights
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The most widely accepted collection of human rights standards in the world (1948).

The UN Universal Declaration of Human Rights

Most important initiatives of human rights?

-The Global compact
-The OECD guidelines
-ILO tripartitle declaration of principles concerning multinational enterprices

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