Penn State International Law Review


Matthew H. Kita

First Paragraph

On December 14, 1960, the United States joined nineteen other countries in becoming a member of the Organization for Economic Co- Operation and Development (hereinafter the "OECD") by signing the Convention on the Organization for Economic Co-Operation andDevelopment. On June 27, 2000, the United States reaffirmed its commitment by adopting the OECD's revised Guidelines for Multinational Enterprises (hereinafter "Guidelines"). In what appears to be the largest demonstration of its commitment to the OECD, the United States annually provides a quarter of the OECD's EUR 320 million budget. The OECD is a transregional group that has developed its own programs for social responsibility, namely the Guidelines, which act as transnational soft laws for those parties that voluntarily adhere to it.