Sustainable Development in the Small States of the South Pacific: Toward a Corporate Social Responsibility for International Banks

Fijian Studies, 2011, 9(2), 23-51

4 Pages Posted: 12 Jul 2011 Last revised: 29 Nov 2014

See all articles by Parmendra Sharma

Parmendra Sharma

Griffith University

Mark Brimble

Griffith University - School of Accounting, Banking and Finance - Nathan and Logan Campuses; Centre for Financial Independence and Education

Date Written: June 15, 2010

Abstract

Sustainable development has been an important but elusive goal for the highly vulnerable small states in the South Pacific. Events such as the current global financial crisis are likely to make this goal more elusive as the generous developed world donors, affected themselves, are compelled to revise the level of their assistance to less developed economies. New, self-dependent strategies and policies are required. Inspired by the expanding finance-growth literature and based on findings that highly profitable and strongly capitalised international banks in the region may not only control finance but may also be contributing to users being ‘involuntarily’ excluded from formal financial sector finance, this paper offers a policy response in the form of corporate social responsibility for international banks in the region. Implications extend to other developing economies.

Keywords: Access to finance, banks, corporate social responsibility, Fiji, Small Island Developing States, South Pacific, sustainable development

JEL Classification: O10

Suggested Citation

Sharma, Parmendra and Brimble, Mark, Sustainable Development in the Small States of the South Pacific: Toward a Corporate Social Responsibility for International Banks (June 15, 2010). Fijian Studies, 2011, 9(2), 23-51. Available at SSRN: https://ssrn.com/abstract=1460732

Parmendra Sharma (Contact Author)

Griffith University ( email )

Department of Accounting Finance and Economics
Griffith business School
Brisbane, Queensland QLD 4111
Australia

Mark Brimble

Griffith University - School of Accounting, Banking and Finance - Nathan and Logan Campuses ( email )

University Drive
Logan, Queensland 4131
Australia
(07) 373 55311 (Phone)

Centre for Financial Independence and Education ( email )

Brisbane, Queensland 4111
Australia

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