George Lodge

(Author)

A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own LegitimacyPaperback, 28 June 2016

A Corporate Solution to Global Poverty: How Multinationals Can Help the Poor and Invigorate Their Own Legitimacy
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Print Length
208 pages
Language
English
Publisher
Princeton University Press
Date Published
28 Jun 2016
ISBN-10
0691171173
ISBN-13
9780691171173

Description

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 Details

Authors:
George LodgeCraig Wilson
Book Format:
Paperback
Country of Origin:
US
Date Published:
28 June 2016
Dimensions:
23.39 x 15.6 x 1.24 cm
ISBN-10:
0691171173
ISBN-13:
9780691171173
Language:
English
Location:
Princeton
Pages:
208
Weight:
335.66 gm

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