Reflections on foreign direct investment and development with reference to non-governmental organisations and corporate social responsibility

Hasan, Rumy (2011) Reflections on foreign direct investment and development with reference to non-governmental organisations and corporate social responsibility. Critical Sociology, 39 (1). pp. 37-43. ISSN 0896-9205

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Abstract

It is clear that the process of 'globalisation' has presented acute economic challenges to developing countries. Great importance has been accorded to FDI as a driver of development thereby leading to the further empowerment of TNCs. Competition for FDI prevents host governments from implementing tough regulatory measures. In their stead have stepped in NGOs whose lobbying has had an appreciable impact on TNC activities and strongly contributed to the rise of corporate social responsibility (CSR). The paper posits the concept of an 'efficiency CSR hypothesis'. Though CSR is a positive outcome, it does not detract from the profound problems of development for the weakest developing countries via the route of inducing FDI in a globalised economic environment. Contrary to expectations, the increasing interdependence in the world economy presents formidable challenges to development and poverty alleviation for such economies.

Item Type: Article
Additional Information: Paper is on journal's website and will be included in a 2012 issue.
Schools and Departments: School of Business, Management and Economics > SPRU - Science Policy Research Unit
Depositing User: Rumy Hasan
Date Deposited: 06 Feb 2012 20:29
Last Modified: 28 Jun 2013 14:42
URI: http://sro.sussex.ac.uk/id/eprint/26163
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