Matches in SemOpenAlex for { <https://semopenalex.org/work/W791402078> ?p ?o ?g. }
- W791402078 endingPage "80" @default.
- W791402078 startingPage "63" @default.
- W791402078 abstract "Abstract:Since the Lisbon Summit the European Union has become resolute in its intention to promote the uptake of corporate social responsibility among European companies. The recent financial crisis has provided further impetus for evangelising CSR, which is identified by the EU public authorities as one exit strategy from the crisis and a promising means of fulfilling the Treaty objectives of inclusive and sustainable social market economy. This paper finds the above assertion problematic and uses a Polanyian framework to evaluate its validity. The paper represents a conceptual intervention in the policy justification provided by the European Commission. Contrary to the overly optimistic voices that see decommodifying tendencies within CSR, this paper claims that CSR does not have a potential to re-embed the economy as argued by the Commission. Despite its protective invocation, CSR is predicated on deepened commodification. It depends on the staging of a special type of exchange relation, whereby reputation is quantified and sold as a commodity by being denominated in a common unit. As such the CSR form promoted by the Commission is a microeconomic counterpart to the regime of rule-based macroeconomic depoliticisation.Keywords: Corporate social responsibility, European Union, Polanyi, disembedded, commodification, neoliberal.The recent economic crisis has not left a corner of the world unaffected and the many reports are here to remind us of its consequences. While some countries and regions have restored their pre-crisis economic output, the European Union is still engaging in fire-fighting missions (Streeck, 2012; Roxburgh and Mischke, 2011). Despite the dire unemployment figures, member state governments have not formulated any tangible growth strategy that will boost the economic activity within the EU, notwithstanding the recent approval of the Compact for Growth and Jobs worth euro120 billion (European Council, 2012).Contrary to the ample evidence, the European politicians are neurotically clinching to the belief that all we need for a recovery to unfold is for the markets to gain confidence (Hemerijck, 2012). However, the proposed solution of fiscal tightening originates from a skewed twisting of cause and effect, wherein deficit spending is projected as the cause of the Great Recession. And every attempt is made to conceal the fact that it was the financial crisis that enticed some governments to acquire debt by bailing out their banks (Brassett et al., 2010). Although scholars have warned that the austerity policies would not necessarily cure the patient (Hemerijck, 2012; Schmidt, 2014), the politicians are depriving the population of a quick recovery by pursuing fiscal consolidation in times of depressed demand. Thus, Polanyi's (1944: 148) argument is even more valid today than ever, when:the repayments of foreign loans and the return to stable currencies were [time and again] recognized as the touchstone of rationality in politics; and no private suffering, no restriction of sovereignty, is deemed too great a sacrifice for the recovery of monetary integrity.In line with their confidence fairy myth (Krugman, 2012) and the belief in a private sector led recovery, the Commission has identified corporate social responsibility (CSR) as one possible exit strategy from the crisis. In its latest Communication on CSR, the Commission has stated that enterprises have responsibility to 'mitigate the social effects of the current economic crisis, including job losses' (COM2011: 3). While making the above claims the Commission does not elaborate on how an increase in the CSR uptake is supposed to lead to a resolution of the sovereign debt crisis. Although the link between CSR and the economic crisis, which requires macroeconomic adjustment, is not selfevident, one can assume its existence if one adopts a broader understanding of the crisis. The crisis in the EU is a multifaceted phenomenon and the current Eurozone calamity is only one manifestation of it. …" @default.
- W791402078 created "2016-06-24" @default.
- W791402078 creator A5084264330 @default.
- W791402078 date "2014-06-01" @default.
- W791402078 modified "2023-09-23" @default.
- W791402078 title "Corporate social responsibility: A promising social innovation or a neoliberal strategy in disguise?" @default.
- W791402078 cites W1490963461 @default.
- W791402078 cites W1497870037 @default.
- W791402078 cites W1504887879 @default.
- W791402078 cites W1549358971 @default.
- W791402078 cites W1578906839 @default.
- W791402078 cites W1586535313 @default.
- W791402078 cites W1587060853 @default.
- W791402078 cites W1596169349 @default.
- W791402078 cites W1910609201 @default.
- W791402078 cites W1975919170 @default.
- W791402078 cites W1989237023 @default.
- W791402078 cites W1991805247 @default.
- W791402078 cites W2000141076 @default.
- W791402078 cites W2008238285 @default.
- W791402078 cites W2034306838 @default.
- W791402078 cites W2034792272 @default.
- W791402078 cites W2035477861 @default.
- W791402078 cites W2040514574 @default.
- W791402078 cites W2052727359 @default.
- W791402078 cites W2057561857 @default.
- W791402078 cites W2061899232 @default.
- W791402078 cites W2077420003 @default.
- W791402078 cites W2101264812 @default.
- W791402078 cites W2103513764 @default.
- W791402078 cites W2109417569 @default.
- W791402078 cites W2117888582 @default.
- W791402078 cites W2122155259 @default.
- W791402078 cites W2126680123 @default.
- W791402078 cites W2150316800 @default.
- W791402078 cites W2150900269 @default.
- W791402078 cites W2171205705 @default.
- W791402078 cites W2177756622 @default.
- W791402078 cites W2323420440 @default.
- W791402078 cites W2346295315 @default.
- W791402078 cites W2475335867 @default.
- W791402078 cites W2485259538 @default.
- W791402078 cites W2562387744 @default.
- W791402078 cites W275774801 @default.
- W791402078 cites W2936627950 @default.
- W791402078 cites W2970093164 @default.
- W791402078 cites W3121598947 @default.
- W791402078 cites W3123667852 @default.
- W791402078 cites W3216539911 @default.
- W791402078 cites W627354650 @default.
- W791402078 cites W833899240 @default.
- W791402078 cites W93847514 @default.
- W791402078 cites W2791524258 @default.
- W791402078 hasPublicationYear "2014" @default.
- W791402078 type Work @default.
- W791402078 sameAs 791402078 @default.
- W791402078 citedByCount "3" @default.
- W791402078 countsByYear W7914020782014 @default.
- W791402078 countsByYear W7914020782015 @default.
- W791402078 countsByYear W7914020782016 @default.
- W791402078 crossrefType "journal-article" @default.
- W791402078 hasAuthorship W791402078A5084264330 @default.
- W791402078 hasConcept C105639569 @default.
- W791402078 hasConcept C136264566 @default.
- W791402078 hasConcept C138921699 @default.
- W791402078 hasConcept C139719470 @default.
- W791402078 hasConcept C141261163 @default.
- W791402078 hasConcept C162324750 @default.
- W791402078 hasConcept C17744445 @default.
- W791402078 hasConcept C199539241 @default.
- W791402078 hasConcept C2778300220 @default.
- W791402078 hasConcept C2910001868 @default.
- W791402078 hasConcept C34447519 @default.
- W791402078 hasConcept C57481673 @default.
- W791402078 hasConceptScore W791402078C105639569 @default.
- W791402078 hasConceptScore W791402078C136264566 @default.
- W791402078 hasConceptScore W791402078C138921699 @default.
- W791402078 hasConceptScore W791402078C139719470 @default.
- W791402078 hasConceptScore W791402078C141261163 @default.
- W791402078 hasConceptScore W791402078C162324750 @default.
- W791402078 hasConceptScore W791402078C17744445 @default.
- W791402078 hasConceptScore W791402078C199539241 @default.
- W791402078 hasConceptScore W791402078C2778300220 @default.
- W791402078 hasConceptScore W791402078C2910001868 @default.
- W791402078 hasConceptScore W791402078C34447519 @default.
- W791402078 hasConceptScore W791402078C57481673 @default.
- W791402078 hasIssue "2" @default.
- W791402078 hasOpenAccess W791402078 @default.
- W791402078 hasRelatedWork W118734656 @default.
- W791402078 hasRelatedWork W1486837036 @default.
- W791402078 hasRelatedWork W1494978599 @default.
- W791402078 hasRelatedWork W1576916014 @default.
- W791402078 hasRelatedWork W1912159315 @default.
- W791402078 hasRelatedWork W2149080124 @default.
- W791402078 hasRelatedWork W2188643689 @default.
- W791402078 hasRelatedWork W2259992647 @default.
- W791402078 hasRelatedWork W2280427580 @default.
- W791402078 hasRelatedWork W2317606206 @default.