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Health Policy
Corporate Accountability International: Tobacco Giant Leads in Profits, Addicting Youth
May 24th, 2009
With global tobacco deaths climbing above 5.4 million a year, Philip Morris International (PMI) is heralding a 12.7 percent net revenue growth in 2008. Not coincidentally the regions most impacted by the tobacco epidemic are the same "emerging markets" that the corporation credits with driving its growth. But at the end of PMI's 2008 surge, the international community moved to put a damper on the abuses fueling the corporation's growth - aggressive promotion of addictive and deadly products to children, interference in health policy, and so-called "corporate social responsibility." As part of implementation of the global tobacco treaty, 164 countries adopted landmark...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-24)
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