Corporate Social Responsibility ‐ Is it a Viable Tool for Development?

Abstract

The topic of CSR, or Corporate Social Responsibility, continues to grow in todays political, economical, and social spheres. Despite the fact that CSR is an immense driver for development projects around the world, there is little academic work that evaluates the effects of CSR and makes a judgment on this issue. Firstly, this study will define and organize the broad term of CSR as its meanings range from natural preservation projects to human resource benefits. Through the organization of the term CSR into various categories, one can better understand the complexities and ethical issues surrounding this avenue of funding. Secondly, this study will evaluate the effects of major CSR projects around the world. By examining the political, economical, and social advantages and disadvantages of some of the worlds largest CSR funded projects, a verdict will be made on this issue.