Development In An Era Of Capital Control: Embedding Corporate Social Responsibility Within A Transnational Regulatory Framework (palgrave Socio-legal Studies)

__Development in an Era of Capital Control__ investigates Corporate Social Responsibility (CSR), a 21st century buzz word. Centred around the responsibility of business to give __back__ to society, this idea is a departure from the traditional view that the responsibility of business is to make a profit. Instead, it supposes that business, society and government can unite to enhance the quality of life in the community in which the business operates. This book works from the premise that whereas CSR could assist in developing communities, the quality and value of this contribution is constrained by pre-existing inequalities in the global system, which themselves can be traced to states’ histories and furthered by globalisation. Ciara Hackett shows that while the concept of CSR was designed for an environment where all states are equal, this does not ring true in the real world and consequently the potential for CSR to contribute to development is restricted, most profoundly in those states that would benefit the most. Development in an Era of Capital Control investigates Corporate Social Responsibility (CSR), a 21 st century buzz word. Centred around the responsibility of business to give back to society, this idea is a departure from the traditional view that the responsibility of business is to make a profit. Instead, it supposes that business, society and government can unite to enhance the quality of life in the community in which the business operates. This book works from the premise that whereas CSR could assist in developing communities, the quality and value of this contribution is constrained by pre-existing inequalities in the global system, which themselves can be traced to states’ histories and furthered by globalisation. Ciara Hackett shows that while the concept of CSR was designed for an environment where all states are equal, this does not ring true in the real world and consequently the potential for CSR to contribute to development is restricted, most profoundly in those states that would benefit the most. Front Matter....Pages i-xviii Introduction....Pages 1-5 The Evolution of the CSR Concept: From Sharing to Caring....Pages 6-24 The Problem With CSR for the Sake of CSR: A Study in Development....Pages 25-50 The Rise of Governance and the Fall of Government: Capitalism 2.0....Pages 51-74 The Changing of the Guard: Government to Gatekeeper....Pages 75-98 Regulating CSR: A Precursor to ‘Complete’ Globalisation....Pages 99-124 Back Matter....Pages 125-157 The role of business in society has become an accepted reality of governance today. This book proposes that big business is no longer an equal part in a tertiary leadership of business, government and society but is now the dominant actor. This raises serious questions as to our interpretation of recent events and the role of policies such as CSR