A Corporate Solution to Global Poverty How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy
by Craig Wilson, George Lodge
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|Publisher:||Princeton University Press
The Title "A Corporate Solution to Global Poverty How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy" is written by Craig Wilson. This book was published in the year 2006. The ISBN number 0691122296|9780691122298 is assigned to the Hardback version of this title. This book has total of pp. 208 (Pages). The publisher of this title is Princeton University Press. We have about 8558 other great books from this publisher. A Corporate Solution to Global Poverty How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy is currently Available with us.
World leaders have given the reduction of global poverty top priority. And yet it persists. Indeed, in many countries whose governments lack either the desire or the ability to act, poverty has worsened. This book, a joint venture of a Harvard professor and an economist with the International Finance Corporation, argues that the solution lies in the creation of a new institution, the World Development Corporation (WDC), a partnership of multinational corporations (MNCs), International Development agencies, and nongovernmental organizations (NGOs).
In A Corporate Solution to Global Poverty, George Lodge and Craig Wilson assert that MNCs have the critical combination of capabilities required to build investment, grow economies, and create jobs in poor countries, and thus to reduce poverty. Furthermore, they can do so profitably and thus sustainably. But they lack legitimacy and risk can be high, and so a collective approach is better than one in which an individual company proceeds alone. Thus a UN-sponsored WDC, owned and managed by a dozen or so MNCs with NGO support, will make a marked difference.
At a time when big Business has been demonized for destroying the environment, enjoying one-sided benefits from globalization, and deceiving investors, the Book argues, MNCs have much to gain from becoming more effective in reducing global poverty. This is not a call for philanthropy. Lodge and Wilson believe that corporate support for the World Development Corporation will benefit not only the world's poor but also company shareholders as a result of improved MNC legitimacy and stronger markets and profitability.