A comparative study of CSR practices by multinational corporations in their operations in developed and developing economies
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Date
2014
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Routledge, Taylor & Francis
Abstract
This chapter examines the corporate social responsibility (CSR) practices of multinational corporations (MNCs) in their operations in some developed and developing countries. The study specifically compares how CSR is practised by MNCs in the developed countries with that of the developing countries, with the ultimate aim of understanding how influential the CSRs of MNCs are in terms of contributing to socio-economic development of their host countries. The study observes that MNCs, just like every other business unit, are essential to the development stages of every country and some developmental gains have been discovered to accrue from them. It also confirms that MNCs are known to be engaging in CSRs as one of the ways to give back to the communities in which they operate some of the wealth made from them. It observes, however, that there is a wide gap between the CSR practices of MNCs in their operations in developed countries as compared with their operations in the less developed countries.
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Keywords
Corporate Social Responsibilities, Multinational Corporations, Developed Economies, Developing Economies