Book Reviews: Corporate Social Responsibility of Multinational Corporations in Developing Countries: Perspectives on Anti-Corruption by Adefolake O. Adeyeye
Singapore Journal of Legal Studies, p.226, July 2013
7 Pages Posted: 4 Oct 2013
Date Written: July 31, 2013
Corruption is a scourge that has been afflicting several countries, particularly in the developing world. It has impeded economic progress and adversely affected the basic human rights of citizens. Although the spotlight is usually focused on government officials in those countries who represent the “demand” side of corruption, their blameworthiness is equally shared by some multinational corporations (“MNCs”) who represent the “supply” side of corruption by offering favours to public officials in order to successfully secure business transactions through the use of such influence. While a multitude of approaches is being adopted both internationally and by national governments to tackle corruption, the concept of corporate social responsibility (“CSR”) is rapidly gaining ascendancy as an anti-corruption tool. CSR attempts to strike at the root of the problem by addressing the supply side, which in the developing-country context is represented by MNCs that are operating there.
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