Multinational enterprises
Through their globalized production systems, multinational enterprises (MNEs), their subsidiaries and extended value chains represent an important share of the private sector in many developing and industrialised economies. The potential contribution of MNEs to the creation of more and better jobs is large, mostly in their supply chains but also through foreign direct investments (FDI). To guide and encourage their positive contribution to socio-economic development and minimize negative impacts of their operations, the ILO promotes the Tripartite Declaration of Principles concerning Multinational Enterprises and Social Policy (MNE Declaration).