A Corporate Solution to Global Poverty

How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy

Business & Finance, Economics, Economic Development, International
Cover of the book A Corporate Solution to Global Poverty by George Lodge, Craig Wilson, Princeton University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: George Lodge, Craig Wilson ISBN: 9781400880201
Publisher: Princeton University Press Publication: June 28, 2016
Imprint: Princeton University Press Language: English
Author: George Lodge, Craig Wilson
ISBN: 9781400880201
Publisher: Princeton University Press
Publication: June 28, 2016
Imprint: Princeton University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Princeton University Press

Cover of the book The Brooklyn Nobody Knows by George Lodge, Craig Wilson
Cover of the book Imperialism and Jewish Society by George Lodge, Craig Wilson
Cover of the book American Empire by George Lodge, Craig Wilson
Cover of the book Thinking of Others by George Lodge, Craig Wilson
Cover of the book Why Deliberative Democracy? by George Lodge, Craig Wilson
Cover of the book The Quotable Thoreau by George Lodge, Craig Wilson
Cover of the book The Jewish Jesus by George Lodge, Craig Wilson
Cover of the book Extended Heredity by George Lodge, Craig Wilson
Cover of the book Codes of Finance by George Lodge, Craig Wilson
Cover of the book Magazines and the Making of America by George Lodge, Craig Wilson
Cover of the book Private Government by George Lodge, Craig Wilson
Cover of the book The Empire Trap by George Lodge, Craig Wilson
Cover of the book Insult to Injury by George Lodge, Craig Wilson
Cover of the book Fourier Restriction for Hypersurfaces in Three Dimensions and Newton Polyhedra (AM-194) by George Lodge, Craig Wilson
Cover of the book The Nuclear Borderlands by George Lodge, Craig Wilson
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy