Abstract

This paper examines neoliberalism coupled with corporate social responsibility (CSR) endeavours in the context of international extractive companies and their implications on the psyche and livelihoods of rural people of developing countries. The inevitability of international capital with neoliberal ideals imposing on sometimes unsuspecting rural social and environmental landscapes of developing countries has become real in recent decades. While international capital is discriminative in its accumulative role via the placating role of CSR in such countries, the hosts, including the governments, sometimes continue to largely miscomprehend the implications of their absorption into a dominant global economy. The paper addresses some of the poignant points of local community livelihood struggles whilst discussing the Lake Kutubu villagers as they host an oil company in their pristine backyards in Papua New Guinea (PNG). The company׳s strategies of CSR and community ‘empowerment’ in the form of a food security programme are critically examined to highlight inherent contradictions embedded in a globalised extractive industry.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call