Corporate Responsibilities and Emerging Markets
3 ISSUES:
1. The current crisis has undermined confidence in the Western-dominated
paradigm of economic governance. This has created a vacuum of authority
within which Emerging Markets have claimed a greater say in defining global
economic governance witness the shift from G8 to the G20 Group.
2. Even before the crisis, ongoing globalisation was altering the
traditional balance of power between developed and emerging nations.
Access to capital, knowledge and talent has leveled the global playing
fields on which multinational firms compete for resources and market share.
As a result, businesses from these Emerging Markets are vigorously
challenging the hegemony of their older rivals.
3. The growing influence of Emerging Markets and their leading companies has
not come without a cost. Increased economic and geopolitical weight has been
accompanied by a greater burden of responsibility to address complex social,
environmental and governance issues.
2 QUESTIONS:
How is CR understood and applied in emerging market contexts and cultures
by old and new multinationals?
And, is it viable as a framework for tackling the critical challenges ahead?
1 CONFERENCE:
EABIS Annual Colloquium Corporate Responsibility and Emerging Markets -
20-21 September 2010- St. Petersburg State University Graduate School of
Management
www.gsom.pu.ru/en/eabis2010
Deadline for Contributions: 28 May 2010