Responsibility in the activities of transnational companies
The activities of transnational corporations bring many benefits, but also threats in the host countries and the world. The phenomenon of CSR, SRI and FT has been growing rapidly in recent years. The objectives of the article are: a description of the participation of transnational corporations in raising the level of stratification of society in the rich North and the poor South as well as an analysis of processes related to liability and justice – Corporate Social responsibility (CSR) and Socially responsible investing (SRI), including the concept of Fair Trade (FT) 3.0. Descriptive method was applied in respect to the first goal, in the case of second objective, the phenomena of CSR, responsible investing and Fair Trade 3.0. were examined and described. This study confirms prior voices that it is necessary to develop a new economy – the economy of social development – oriented to increase the standards of living and prosperity, and to stimulate economic growth and social development influencing positively the reduction of social inequalities. The originality of this work lays in proposal a new concept of Fair Trade 3.0 and indicates its theoretical assumptions. This is new concept of foreign trade is based on responsibility “towards others” and “for others”.
transnational companies; CSR; Fair Trade; responsible investment
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