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Globalization and Corporate Social Responsibility
| Content Provider | Scilit |
|---|---|
| Author | Yadav, Subah Singh Singh, Satyaveer |
| Copyright Year | 2021 |
| Description | Book Name: Corporate Social Responsibility (CSR) Practices |
| Abstract | The globalization of our economy is one of the objectives of our reforms. Some of the reforms’ measures are aimed at putting our economy in line with the rest of the world and make it conducive for foreign investment. Globalization indicates the desire to integrate nation-states within the overall framework of the World Trade Organization (WTO). India is among the few economies proceeding to develop well. Amid the financial crisis, when the developed economies shrank collectively, the developing and emerging economies carried the complete burden of growth. CSR in the business world is a concept whereby companies not as it were considering their benefit and development, but too the interest of the society and environment by being dependable for the effect of their exercises on partners, workers, shareholders, providers, clients, and gracious social orders represented by NGOs. Most definitions portray CSR as a concept whereby companies coordinate social and environmental concerns in their business operations and their interaction with their shareholders on a volunteer basis. CSR has no boundaries and is not constrained by race, color, or religion. Sadly, concern for the community is often mistaken for socialism. On the contrary, every citizen is an asset in economic activity and has opportunities to succeed. There is sufficient ground to raise questions 38about the positive relationship between CSR, comprehensive development, and distributive justice. CSR initiatives do decrease in poverty to some extent in the prevailing practices, though it is not obligatory on the part of CSR activities to make poverty alleviation as a primary aim. Rather CSR targets labor, environment, and human rights, etc. as its focus areas. Of course, these are significant and vital issues but the absence of committed accountability to poverty, it cannot help directly to reduce poverty, may have some minimal indirect effect. The present societal marketing concept of companies is constantly evolving and has given rise to a new concept— CSR. Many of the leading corporations across the world had realized the importance of being associated with socially relevant causes as a means of protecting the goodwill and reputation, defending attacks and increasing business competitiveness. |
| Related Links | https://api.taylorfrancis.com/content/chapters/edit/download?identifierName=doi&identifierValue=10.1201/9781003146414-3&type=chapterpdf |
| Ending Page | 55 |
| Page Count | 19 |
| Starting Page | 37 |
| DOI | 10.1201/9781003146414-3 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2021-10-29 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Corporate Social Responsibility (csr) Practices Social Responsibility Csr Poverty Economies Corporate Aim Business World Concept Whereby Companies |
| Content Type | Text |
| Resource Type | Chapter |
