The private capitals social responsibility role in the sustainable human resources development with reference to Egypt

Abstract

The private capital’s social responsibility concept refers to the existence of implicit contract which determines the rights and responsibilities of businessmen towards the society. It is notable that the private sector’s social responsibility concept is deep rooted and well-established to the extent that it could be sometimes misinterpreted as beneficiary work concept or public relations. This research is aim at identifying the concept and importance of social responsibility, its various components and forms with focus on private capital’s role in bearing social responsibility. It also aims to clarify the relationship between social capital and the realization of sustainable development. This research also handled the role of private sectors and their contribution in Egypt in the field of social responsibility and the potential benefits that the working companies in Egypt could gain through the contribution to social capital. Finally, the research reviews other countries experiences in the field of social responsibility and its benefit in order to introduce the necessary recommendation for activating the Egyptian private sector’s role in bearing the social responsibility. There is also no clear organization of the private sector’s work mechanisms as the private sector’s contribution is still less than what is expected. In spite of the latest development of the social work concept, it does not exceed being individual initiatives because of the absence of the organizing vision and the consistency among the needs of the society. This research relies on the descriptive method to describe, interpret and analyze the relationship between social capital and the realization of sustainable development in Egypt. The study examines the following hypotheses: There is a close relationship between social capital and sustainable development. Key words: Private capital social responsibility, sustainable human resources development, social responsibility in Egypt, international experiences.