oa ESR Review : Economic and Social Rights in South Africa - Assessing the human rights impact of foreign investments : emerging tools : international developments
Globalisation has highlighted diverse inadequacies in the mechanisms for protecting and enforcing human rights. Non-state actors such as private corporations, multilateral institutions such as the World Trade Organisation (WTO) and the European Union (EU), and international financial institutions (IFIs) such as the World Bank and the International Monetary Fund (IMF) have increasingly usurped some of the functions of states. There is therefore a need for a broader human rights framework that acknowledges the increasing influence of non-state actors on vital international and domestic socio-economic policies.
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