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According to the United Nations Guiding Principles the State must set out that all business entities domiciled in their territory and/or jurisdiction respect human rights throughout their operations with third parties, including business enterprises. This study deals with the questions how far the model of a social market state as such covers the duties according to the United Nations Guiding Principles and what it eventually still has to do to fulfil the obligations according to the United Nations Guiding Principles. This study also theoretically discusses the relation between the economic goals of carrying out business entities' activities and their respect for human rights. The answer to the theoretical question about the bases on which it is possible to establish legal regulation of a home state according to which business entities will be obliged to respect and protect human rights even when they carry out their activities outside the territory or jurisdiction of home states, the author argues the corporate theory of establishment. [ABSTRACT FROM AUTHOR]

In this paper the author substantiates a thesis that the reason for the emergence of the economic and general social crisis lies in the withdrawal of European countries from the legislatively proclaimed model of a social market state and the assumption of neoliberal principles, which are the basis of economic globalization. He finds that globalization gave rise to numerous negative social phenomena resulting from the predominance of the economic interests of capital over other social values. The reestablishment of the functioning of the market-social state in Europe that would be based on human rights could significantly contribute to the elimination of the causes of the crisis. The enforcement of the UN Guiding Principles on Business and Human Rights (Ruggi's Guiding Principles) would mean the first step towards the change in principles and neoliberalism in the world and its negative effects. [ABSTRACT FROM AUTHOR]