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A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy by George Lodge, Craig Wilson (Hardcover, 2006)

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And yet it persists. Furthermore, they can do so profitably and thus sustainably. This is not a call for philanthropy. Author: George Lodge, Craig Wilson. Title: A Corporate Solution to Global Poverty.

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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.

Product Identifiers

Publisher
Princeton University Press
ISBN-13
9780691122298
eBay Product ID (ePID)
96039195

Product Key Features

Author
George Lodge, Craig Wilson
Publication Name
A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy
Format
Hardcover
Language
English
Subject
Economics, Business
Publication Year
2006
Type
Textbook
Number of Pages
208 Pages

Dimensions

Item Height
235mm
Item Width
152mm
Item Weight
425g

Additional Product Features

Title_Author
George Lodge, Craig Wilson
Country/Region of Manufacture
United States

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Picture 1 of 1

A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy by George Lodge, Craig Wilson (Hardcover, 2006)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

Best Selling in Adult Learning & University

Eduqas GCSE (9-1) Religious Studies Route B: Catholic Christianity and Judaism by Deirdre Cleary, Andrew Barron, Joy White, Patrick Harrison (Paperback, 2017)

Save on Adult Learning & University

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Netter Atlas of Human Anatomy: Classic Regional Approach

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