Sunday, November 13, 2011

A new CSR landscape ?


Corporate Social Responsibility ( CSR) as a model of engagement between the private sector and the wider stakeholders in a society is well established and entrenched in many societies. But in the developing world, CSR is at various stages of development, right from its nascent stage to a very advanced stage; with the private firms working closely on issues such as education, healthcare - and making a substantial contribution to the society.

In the context of the global recession, and decreased development aid from richer countries to the poorer ones, it is estimated that there will be a greater role of the private sector in International development . I wonder how this will shift the CSR landscape ? Will it mean greater CSR initiatives, now that the Aid dollars will reduce from one government to another ?

In reading the latest report by Brookings Institute titled " Global Development Under Pressure", In addition to partnering more systematically with international
private actors, support for sustainable development in any developing country requires collaboration with local businesses and civil society organizations rather than just a narrow relationship with state institutions. Over the long term, it is these enduring elements of broader society that will continue to drive growth
and accountable governance".

The report goes on further to add :"The shift in the global development landscape requiring even greater linkages between public and private actors is not a sudden revelation within U.S. foreign policy circles. The United States has long been an international leader in this area".

I wonder how all of this will shift, and at what pace ? Will private players actually move in, and do "what is right" to create the right business environment so they too can operate well, or as Milton Friedman argued, stand back and say " Social responsibility is not our business".

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