Multinational corporations are often associated with human rights violations and devastating environmental pollutions. Despite this, non-governmental organizations, human rights groups and the United Nations Global Compact are now encouraging multinational corporations to engage in activities that are promoting peace and development for individuals in vulnerable communities and developing countries. This study is carried out in order to reach an understanding of the phenomenon of multinational corporations and their contribution to increased global development. Through an abductive content analysis and with the implementation of Archie B. Carroll’s model of corporate social responsibility, the research strives to find answers for the two selected research questions. The ambition is to combine the subjects of business ethics and peace and development in order to discuss the issues of MNC and obstacles for global development. The result shows that one cannot generalize all multinational corporations as a contributing role for increased conflict in developing countries. When peace, stability and development are in the business’ interest, the corporation should not have issues of engaging in peace-building activities that can ensure that all individuals that are affected by the business operation can benefit from its revenues.