Finding ways to alleviate global poverty poses a major challenge for political leaders and intellectuals worldwide. The contributors to this volume, top scholars of international business, examine the effects of globalization on the developing world and address ways in which multinational corporations (MNCs) can play a positive role in the fight against poverty.
The essays illustrate how, by creating new business models, multinational enterprises are best equipped to relieve global poverty. By making investments among the poor - in pursuit of profit and shareholder wealth rather than as charity - the economic activity generated by investments would go a long way towards reducing poverty. The contributors show how following this strategy would lead to today's poor becoming part of the economy and emerging as visible customers for MNCs. They address the many facets of this plan in chapters on: MNCs and host environment and policies, strategies and their impact, governments and civil society, international business models, and global institutions and social responsibility.
This unique solution to poverty reduction will be of great interest to scholars of international relations and business, international corporate managers and executives, government officials, and NGO executives dealing with global matters.
Edited by Subhash C. Jain, University of Connecticut and Sushil Vachani, Boston University, US
Contents: Foreword Preface Part I: Introduction 1. The Role of MNCs in Alleviating Global Poverty Subhash C. Jain and Sushil Vachani Part II: The Host Environment and Policies 2. Multinational Enterprises in Less Developed Countries: Cultural and Economic Interactions Revisited Peter J. Buckley 3. Role of Multinational Corporations in Poverty Reduction Ben L. Kedia, Raj V. Mahto and Liliana Perez Nordtveldt 4. FDI and Poverty Alleviation in Small Developing Countries Alvin G. Wint 5. Linking Poverty and Foreign Direct Investment in Developing Countries James O'Brien and Paul W. Beamish Part III: Multinational Strategy 6. Business Strategies for Profitable Sales to the Poor: How Free Enterprise Can Fight Poverty Raj Aggarwal 7. Multinational Enterprise Strategy for Developing Countries Alan M. Rugman 8. Marketing and Global Poverty Reduction John K. Ryans Jr. Part IV: Multinationals' Impact 9. A `Customer-Centric' View of Global Economic Development V. Kasturi Rangan and Arthur McCaffrey 10. Globalization, Multinational Enterprises and World Poverty Pervez N. Ghauri and Peter J. Buckley 11. The Determinants of Employment of Affiliates of US Multinational Enterprises in Africa Elizabeth Asiedu Part V: Multinationals, Governments and Civil Society 12. Multinational Sourcing, Sustainable Agriculture and Alleviation of Global Poverty Jonathan P. Doh 13. Achieving the Millennium Development Goals: Ways for MNCs to Effectively Interface with NGOs Hildy Teegen 14. Poverty and MNEs in Emerging Markets Robert Grosse Part VI: IB Models 15. Multinational Corporations through the Uneven Development Lens Doug Schuler, Stefanie Lenway and Lorraine Eden 16. Internationally Competitive Clusters in Developing Countries: India's Information Technology Industry Ravi Ramamurti Part VII: Global Institutions and Social Responsibility 17. The Corporate Key: Using Big Business to Fight Global Poverty George C. Lodge 18. Upgrading the Quality of Global Capitalism: The Moral Dimension John H. Dunning 19. Multinationals' Opportunity and Role in Alleviating Poverty Sanjeev Agarwal, Rajshri Agarwal and John Wang 20. Socially Responsible Pricing: Lessons from the Pricing of AIDS Drugs in Developing Countries Sushil Vachani and N. Craig Smith Index