Sociopolitical Sustainability - The Pendulum at Globalisation's Frontiers
Posted: 27 Sep 2009
Date Written: September 27, 2009
Companies, governments and the civic sector need strong cooperative relationships with each other in order to thrive. The need is greatest at globalization's two frontiers. The first frontier is typified by rural areas in developing countries where government and civic organizations are scarce. The second frontier is at the global level where we have no co-ordinating institutions to deal with global problems. Corporations have succeeded in becoming the most organized entities at both these frontiers, but are discovering that economic growth is impeded by the absence of the other two sectors. The socio-political risk are too high and the human and social resource are too undeveloped. Helping build human and social capital takes up company resources, but less than dealing with uninformed, dysfunctional or culture-shocked communities. To move from socio-political risk to socio-political sustainability, companies must help strengthen governments and civic sector organizations at these two frontiers.
Keywords: stakeholder, sustainable development, globalization, global governance, socio-political sustainability, socio-political risk, sustainability
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