Watching Government:Matters of trust

A huge challenge for multinational oil companies is the widespread perception that they cannot be trusted.In an Apr. 3 speech at the Harvard University School of Business, John Browne, Group Chief Executive of BP PLC, said there is a climate of distrust surrounding international trade and investment in general and the role of big business in particular.GlobalizationBut Browne dismissed the view that globalization is a zero sum game in which the rich get richer and the poor get poorer. He argued that history shows that liberalizing trade laws, although sometimes painful at first, has far-reaching, long-term benefits. Browne said that in the first 50 years of the 20th Century, when the worl...

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