Corporate Social Responsibility in International Development: An Overview and Critique
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ABSTRACT:
Within the literature focusing on CSR’s role in development, three “schools of practice” appear to be emerging: the neo-liberal school (focused on self-regulation by industry according to the risks and rewards of CSR activity), the state-led school (focused on national and international regulation and co-operation), and the “third way” school (focused on the role of for profit and not-for-profit organisations. Yet, each of these schools of practice may be critiqued using theories applicable to the broader field of development. Namely, the neo-liberal school fails to address the resource misallocations caused by CSR. The state-led school fails to address the underlying politics behind government encouraged CSR. The “third way” school fails to address the self-interest involved in CSR.
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