DEVS 230 Lecture Notes - Lecture 9: United Nations Global Compact, Business Case, Profit Maximization
25 Mar 2020
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Document Summary
Private voluntary regulation aimed at balancing the pursuit of profit and the public good. Business case for development = profit + neoliberalism. Core assumptions = ability to balance private interests and public good by efficient principle (profit maximization) Un global compact = exemplifies legitimization of assumptions at a global level. No hard law + corporations responsible for what they want to approach = lack of accountability. Corporations only willing to address environmental and social matters that do not disturb bottom line = incompatibility between profit maximization and public good. Csr emerged from neoliberal framing of development outlined by pwcr. Follows same policies -- free trade, market liberalization, profit based. Focused on corporate sustainability instead of worker or environment in the global south -- for profit maximization not lost. Csr views global south as a resource producing items for affluent markets -- connection to. Public good + private interests = unbalanced -- private exceeds public = oppression.
