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- W4285376502 abstract "Using the popular concept of corporate social responsibility as its point of departure, this chapter discusses the role of businesses in the economic order. It documents the rise of the giant transnational corporation and describes how these have more or less abrogated their obligations to the communities and countries that make their functioning possible. It argues that the rise of the doctrine of shareholder value maximisation and the emergence of hyperglobalisation are to a large extent responsible for this development. The chapter describes how, often influenced by the very corporations they are meant to regulate, national and supranational laws and policies have come to favour the large transnational corporation. The demise of anti-trust legislation is a stark example of this. Finally, the chapter describes how small and medium-sized enterprises (SMEs) are often more efficient, create more jobs and generate more public value for their communities than large businesses. However, thanks to the aforementioned bias in law and regulation they rapidly lose ground to large businesses in many countries. We argue for support of SMEs and, foreshadowing an argument we make in the final chapter, the importance of civil society to pressure large corporations to acknowledge their social responsibility." @default.
- W4285376502 created "2022-07-14" @default.
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- W4285376502 date "2021-08-25" @default.
- W4285376502 modified "2023-09-29" @default.
- W4285376502 title "Real corporate responsibility" @default.
- W4285376502 doi "https://doi.org/10.1332/policypress/9781447362234.003.0007" @default.
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