Introduction: Trends in Corporate Social Responsibility and Sustainability in Emerging Economies

Abstract

Purpose

This chapter introduces this book’s topics, purpose, and key themes. It summarizes the main objective of this book which is to examine the trends in corporate social responsibility (CSR) and sustainability in developing and emerging economies.

Methodology/approach

This chapter reviews the extant literature and chapters and offers conceptual development.

Findings

Discussion on CSR and sustainability concepts is growing in developing countries, and many stakeholders including businesses, governments, and universities are working toward achieving sustainability. In addition, it is well documented that multinational enterprises (MNEs) operating in developing economies contribute significantly to job creation, growth and development, and poverty alleviation. However, when compared to developed countries there is a general perception that companies, in particular MNEs, do not pay much attention to CSR and sustainability issues. The lack of sophisticated institutional developments and capability in many developing economies compound the situation. Thus, business CSR and sustainability practices play a major role in improving stakeholder relationships.

Practical and social implications

This chapter suggests that in order for developing and emerging economies to move forward and achieve the gains from globalization; businesses, governments, and other stakeholders should work together to benefit from the various initiatives on CSR and sustainability jointly put together for the betterment of the citizens and a prosperous economy.

Originality/value

This chapter contributes to the debate on trends in CSR and sustainability in developing/emerging economies by critically examines what the notions really mean in developing and emerging economies. It emphasizes that CSR and sustainability mean contributing to the well-being of citizens and respond positively to various stakeholder demands by improving the host countries and communities through participation in economic progress, social well-being, improvement in environmental practices, and involvement in citizens’ empowerment and institutional building.

Citation

Eweje, G. (2014), "Introduction: Trends in Corporate Social Responsibility and Sustainability in Emerging Economies", Corporate Social Responsibility and Sustainability: Emerging Trends in Developing Economies (Critical Studies on Corporate Responsibility, Governance and Sustainability, Vol. 8), Emerald Group Publishing Limited, Leeds, pp. 3-17. https://doi.org/10.1108/S2043-905920140000008001