Abstract:The debate on Corporate Social Responsibility (CSR) has grown rapidly over the last two decades. There are many reasons for this but one of the main drivers has been the growing realisation that globalisation has spread and accelerated both the benefits, as well as the disadvantages, of economic development throughout the world.
As more and more countries came to participate in the global capitalist system, the role of business took on an ever more decisive role across all levels of society. However the very fact of an ever more interconnected global economy makes the way different societies deal with, and react to, economic change so crucially important. As trade barriers break down, industrial investment globalises and national governments experience a corresponding decline in power, issues such as sustainable production, labour standards or indeed the cultural and social implications of development cannot be assumed to be converging to a ‘global norm’, nor can they be left to be decided solely in the marketplace.
Document Type: Research Article
Publication date: June 14, 2010