Problem
Socially irresponsible programmes of transnational banks
Other Names:
Unsustainable use of transnational capital Nature:
Lending across borders to borrowers abroad is now big business for many transnational banks. Although transnational banks are increasingly engaged in socially responsible programmes in their home countries, they have not yet adequately extended similar programmes to the new market, although there are some examples (very few in number) in which transnational banks have extended this line of activity abroad. To the extent that the international market offers fewer opportunities for growth than in the early 1970s, many transnational banks recognize the importance of developing countries as a market.
Broader Problems:
Unethical banking practicesInappropriate foreign investmentUnethical practices of transnational corporations Related Problems:
Antiquated regulations in the banking industryHarmful effects of advertising by transnational corporations Aggravates:
Inappropriate transfer of technologyBurden of servicing foreign public debtInappropriate industrialization in developing countries Organizations:
CEE Bankwatch Network Subject(s):
Commerce → BankingCommerce → Finance
Commerce → Multinationals
Development → Sustainable development
Societal Problems → Irresponsibility
Society → Social
Related UN Sustainable Development Goals:
Problem Type:
E: Emanations of other problems Date of last update
04.10.2020 – 22:48 CEST