How can Governance Intervene towards Sustainable Globalization?

In this week's lecture, Chuthatip Maneepong, posed a challenge for us about how can multinational corporation work with peri-urbanized citizen towards a more sustainable globalization in Thailand? I believe it lies in governance, creating partnership policies with Multinational corporations. I recognize that Thailand as a developing country has a reliance on Multinational corporations from developed countries to provide investments for them to build major infrastructures and to meet essential needs of the citizen. On the other hand, Multinational Corporations from developed countries have the need to invest in Thailand because it has the resources that they are lacking. Therefore, I believe the governance have to act on this mutual reliance to set forth some policy that can sustain their resources to continue the longevity of socio-economic growth in Thailand. This is because Multinational corporations would not take action to help Thailand sustain their resources on their own, as their main concerns are to exploit resources where they are most abundant and in a cost-efficient process to maximize profits.

What can the government do? I believe the government can create a partnership policy whereas, if Multinational Corporation would like to build a manufacturing facility, they would need to fund the building of water and waste management infrastructure for their facility. Secondly, they would need to provide funding for research and development towards resource protection and sustainability. I believe if the policy is in place, it would create a win-win situation for both the governance of Thailand and the multinational corporation. The governance of Thailand would get the funding they need to sustain their resources for the future for both their citizen and to have continued partnership with Multinational corporations. For multinational corporations, they would continue to have longevity of profit from their manufacturing plants as there would be sufficient resources to support them. It decreases the amount of plants they have to shut down due to resource depletion in an area. The long term research and development would help the government in the future to become self-sustaining by creating more energy efficient infrastructures which can preserve and regenerate resources. However, the problem that needs to be considered in a developing country such as Thailand is the fragmented power of local and national governance, which causes administrative incapacity to carry out the policy. This policy maybe unfavourable for Multinational Corporation because it increases their investment cost and decreases their short term profits. If the government can provide better services for these Multinational Corporation in return for their investment, while guaranteeing availability of resources, then longevity of partnership can exist. The key to this negotiation is longevity of resources and social-economic growth.

Reference
http://journals.sfu.ca/jgcee/index.php/jgcee/article/viewArticle/30/9