Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)

Digital Transformation and Human Rights Responsibilities: Strategies and Challenges for Multinational Corporations in Developing Countries

Authors
Linhua Hao1, *
1Southwest University of Political Science & Law, Chongqing, 401120, China
*Corresponding author. Email: 2021021125@stu.swupl.edu.cn
Corresponding Author
Linhua Hao
Available Online 27 October 2024.
DOI
10.2991/978-94-6463-546-1_5How to use a DOI?
Keywords
MNEs; Human Rights; Digital Transformation; Privacy; Developing Countries
Abstract

While digital transformation promotes global economic development, it also poses new challenges for MNEs in terms of their responsibilities and human rights protection in developing countries. This article focuses on how MNEs should protect the privacy and data rights of users in developing countries in the context of rapid digitalization. The main challenges faced include the digital divide in developing countries, inadequate regulatory systems, lack of awareness among users about privacy protection, pressure on MNEs in terms of legal compliance, social responsibility, and corporate reputation, as well as differences in international and local legal environments. Through analyzing both positive and negative cases, this article proposes several coping strategies: establishing a sound internal governance mechanism, utilizing technological innovations to enhance user privacy protection, and building bridges of cooperation among multiple stakeholders. These measures will help MNEs better fulfill their responsibilities for human rights protection during digital transformation, achieving harmonious progress in both digital advancement and human rights protection.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
27 October 2024
ISBN
978-94-6463-546-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-546-1_5How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Linhua Hao
PY  - 2024
DA  - 2024/10/27
TI  - Digital Transformation and Human Rights Responsibilities: Strategies and Challenges for Multinational Corporations in Developing Countries
BT  - Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
PB  - Atlantis Press
SP  - 28
EP  - 39
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-546-1_5
DO  - 10.2991/978-94-6463-546-1_5
ID  - Hao2024
ER  -