Harnessing the Energies of Private Companies
The private sector has the potential to be a potent force in the fight against global poverty. That, however, is not its raison d’être. As a descriptive matter, companies seek higher profits. This chapter explores what private companies now do and how policies might be designed so that private companies will do more to improve earning opportunities for the poor as they pursue higher profits. Several issues are explored including firms’ location decisions, business environment and investment climate, consumer movements, and corporate social responsibility.
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