Implications of a Planetary Bargain for the Developing Countries

Michael Hopkins

Chapter 10 in The Planetary Bargain, 1999, pp 172-190 from Palgrave Macmillan

Abstract: Abstract This chapter focuses on two main questions about corporate social responsibility in developing countries that must be answered if a planetary bargain is to be implemented. The first is to do with how a large transnational corporation (TNC), based in the richer world, operates in a developing country. Should such a TNC and its subsidiaries be more socially responsible than local companies? The second is what should be the response of these local companies — would it, for instance, injure their competitivity domestically or even internationally? Neither of these issues is a new topic for developing countries. As far back as 1982, the Asian Productivity Organisation (APO) organised a conference on the issue of social responsibility in Asia; six developing countries (India, Hong Kong, Indonesia, South Korea, Philippines, Thailand) took part and presented papers1 along with Japan. Indeed, one of the key questions was whether the level of social responsibility in TNCs should be higher than that of an indigenous firm in a developing country. It was observed that often a TNC would generally provide better pay and conditions than local enterprises, but not much better than a socially responsible indigenous enterprise (SRIE).

Keywords: Corporate Social Responsibility; Private Sector; Social Responsibility; Minimum Wage; Human Development Index (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-27066-8_10

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DOI: 10.1007/978-1-349-27066-8_10

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