Poverty Alleviation: A Corporate Issue

Author(s):  
Harjyot Kaur ◽  
Manjit Kaur

There is large number of societal issues which requires the attention of business houses to solve these issues. Issue of poverty is one of these issues which require the attention of corporate sector. Poverty alleviation or reduction is a big challenge now a days around the world. For some people poverty is a microeconomic issue. For others it is a issue at macro level and associated with MNC’s. In this article, it is defined that what is poverty, and what should be the role of the business houses for the alleviation of the poverty. There are various approaches which are used by the business houses towards the issue of the poverty alleviation and links are established among various aspects of issue of poverty.

Poverty is one of the significant issues of the world. There are several causes of poverty. Numerous countries of the world adopt sustainable policies for its reduction. There are also direct and indirect responsibilities of the corporate sector to play a vital role in its reduction. The aim of writing this chapter is to explain the significant causes of poverty around the world. Furthermore, this chapter also explains how the private and, more specifically, the corporate sector can influence overall poverty reduction.


1983 ◽  
Vol 22 (4) ◽  
pp. 307-309
Author(s):  
Aftab Ahmad Cheema

This book is about "Robert McNamara's efforts to reorient the World Bank towards a more explicit concern with poverty alleviation in the world's poor countries." The World Bank is one of the most important (and probably the biggest) financial institutions which have been providing both technical and financial assistance to many developing countries for more than thirty years. The traditional role of the Bank has been that of helping the developing countries in their process of development by providing loans for projects with maximum growth effects. For quite a number of years in the post-war period these loans were granted mainly for infrastructure projects which were considered a prerequisite for development. An evaluation of such projects was relatively easy as their effects on the rest of the economy were easily quantifiable. Loans for social-overhead projects received relatively low priority as their output was not directly measurable and the element of risk was also high in such loans.


2016 ◽  
Vol 14 (1) ◽  
pp. 559-568 ◽  
Author(s):  
Michael Colin Cant

The role and importance of small, medium and micro-enterprise (SMME) all over the world cannot be disputed. It is a known fact that SMMEs are responsible for the creation of jobs in all economies, and that in Africa, specifically poverty alleviation, economic growth and job creation is in the hands of SMMEs. Many organisations – local and international – invest billions of dollars in the upliftment of SMMEs by means of various actions, interventions and activities. It is also evident that most of these initiatives result in a lot of wastage, or does not reach its potential due to a variety of reasons. Although many of the reasons for this can be laid at the door of the SMMEs themselves, much blame can be appropriated to the institutions themselves. Staff employed to implement these actions are either not committed, or not trained, or not qualified to assist these SMMEs. This has led to the study conducted amongst 946 SMMEs in South Africa, using non-probability sampling regarding their experiences dealing with organisations providing assistance to SMMEs. The focus was on aspects such as: how queries were handled by the various management levels of the institutions, types of queries submitted, type of assistance received, and how problems were overcome by SMMEs. There was a clear indication that there is a lack of commitment from staff of these support organisations, their level of knowledge and their willingness to assist. The majority of respondents indicated that small businesses were not seen as important enough to warrant sufficient and dedicated attention. The nett effect is that the assistance offered to SMMEs is ineffective or not sufficient to address the needs of SMMEs – resulting in a culture by organisations to “just tick the boxes”. Recommendations are made on how the needs of SMMEs can be better addressed by organisations that aim to support and assist SMMEs.


2019 ◽  
Vol 4 (2) ◽  
pp. 73-88
Author(s):  
Abu baker Ramadan Hussain

Despite the global efforts to eradicate poverty around the world, avoid exists in the literature examining the role of effective strategic partnership between universities and Zakat institutions as a core social protection provider in the Muslim world. This paper contributes to the literature in this area by assessing the prevailing patterns of collaboration between Zakat organizations and universities. The main objective is two folds; first, by appraising their potentialities, it establishes common interests that focus on shared goals and objectives; ethics and values; and networks and processes. The second, is to propose strategic partnership framework. The proposed strategic partnership framework will increase penetration and outreach by bridging knowledge gap, better targeted social protection components and improving communication and networks. The adoption of the framework will change how these institutions approach their goals and respond to community pressures providing variety of differentiated products and services to reduce poverty.


Author(s):  
Iain MacNeil ◽  
Irene-marié Esser

AbstractESG investing evolved over time from the earlier concept of CSR. The process of evolution moved the focus from the external impact of corporate activities to the risk and return implications for financial investors of failing to address ESG issues in their portfolio selection and corporate engagement. The bridge between the two approaches was the framing of sustainability in the early part of the millennium as an overarching concept that could be mapped onto the supply of capital and the techniques employed by institutional investors. The financial model of ESG investing is now the standard approach around the world and is reflected in ESG ratings, codes, guidance and regulatory rules. It focuses on the role of capital and investors in driving change in sustainability practices and pays much less attention to the role of board decision-making and directors’ fiduciary duties. In this research, we trace the origins and trajectory of this change in emphasis from CSR to ESG and attempt to explain why it occurred. We identify shortcomings in the financial model of ESG investing and propose an alternative ‘entity’ model, which we argue would more effectively promote sustainability in the corporate sector around the world.


1998 ◽  
pp. 124-127
Author(s):  
V. Tolkachenko

One of the most important reasons for such a clearly distressed state of society was the decline of religion as a social force, the external manifestation of which is the weakening of religious institutions. "Religion," Baha'u'llah writes, "is the greatest of all means of establishing order in the world to the universal satisfaction of those who live in it." The weakening of the foundations of religion strengthened the ranks of ignoramuses, gave them impudence and arrogance. "I truly say that everything that belittles the supreme role of religion opens way for the revelry of maliciousness, inevitably leading to anarchy. " In another Tablet, He says: "Religion is a radiant light and an impregnable fortress that ensures the safety and well-being of the peoples of the world, for God-fearing induces man to adhere to the good and to reject all evil." Blink the light of religion, and chaos and distemper will set in, the radiance of justice, justice, tranquility and peace. "


1997 ◽  
pp. 3-8
Author(s):  
Borys Lobovyk

An important problem of religious studies, the history of religion as a branch of knowledge is the periodization process of the development of religious phenomenon. It is precisely here, as in focus, that the question of the essence and meaning of the religious development of the human being of the world, the origin of beliefs and cult, the reasons for the changes in them, the place and role of religion in the social and spiritual process, etc., are converging.


2005 ◽  
pp. 72-89 ◽  
Author(s):  
Ya. Pappe ◽  
Ya. Galukhina

The paper is devoted to the role of the global financial market in the development of Russian big business. It proves that terms and standards posed by this market as well as opportunities it offers determine major changes in Russian big business in the last three years. The article examines why Russian companies go abroad to attract capital and provides data, which indicate the scope of this phenomenon. It stresses the effects of Russian big business’s interaction with the world capital market, including the modification of the principal subject of Russian big business from integrated business groups to companies and the changes in companies’ behavior: they gradually move away from the so-called Russian specifics and adopt global standards.


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