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THE VICTORY OF MARKET DEMOCRACY HAS NOT LED TO ANY MATERIAL OR SOCIAL IMPROVEMENT FOR THE MAJORITY OF THE WORLD'S POPULATION. LABOR STANDARDS OFTEN REMAIN APPALLING. THIS ARTICLE OFFERS SUGGESTIONS ON ENFORCING A SOCIAL CLAUSE. IT EXPLORES THE RESPONSIBILITY OF INTERNATIONAL BODIES, AND MULTINATIONAL CORPORATIONS, AND THE FEASIBILITY OF INTERNATIONAL TRADE UNION NETWORKS.

The International Organization for Standardization's ISO 26000 on social responsibility supports organizations of all types and sizes in their responsibilities toward society and the environment. The standard's core subjects respect the rule of law as well as international norms on human rights and non-discrimination. ISO 26000 recommends that organizations ought to follow its principles on accountability, transparency, ethical behaviors and fair operating practices that safeguard organizations and their stakeholders' interests. Hence, this chapter presents a critical analysis on ISO 26000. This is followed by a discussion on the trade-offs between the costs and benefits for those organizations who intend following this social responsibility standard's principles. Afterwards, this contribution posits that the stated purpose of ISO's non-certified standard on social responsibility is to provide 'guidance' to its users as it is not an enforceable instrument. In conclusion, the author has put forward his implications for practitioners and policy makers. This chapter also suggested some future research avenues to academia. ; peer-reviewed

This study intends to develop an effect assessment model to better understand how firms build social reputation by leveraging sequential corporate social responsibility (CSR) events. It incorporates the rehearsal, association, and recency effects to construct a model of social reputation that is derived from sequential CSR events with fixed and random corporate audiences. The results show that the evolution model of social reputation over time is a monotonically increasing function that has an upper limit. In the situation of fixed audiences, there is a definable CSR reputation saturation point. The values of social reputation increase sharply in the first stage of the profiles, which indicates that the CSR events significantly affect the social reputation in the short time subsequent to the first CSR event, and then the social reputation grows slowly. In the situation of random audiences, social reputation will only continue to increase when both the memorability rate and the association rate are much higher. [Copyright John Wiley and Sons, Ltd.]

This paper explores the role of corporate social responsibility and the reporting thereof in the fight against corruption. A special focus is laid on the international endeavors to improve transparency through reporting, and the paper elaborates extensively on the United Nations Global Compact (UNGC), the Organisation for Economic Co‐operation and Development (OECD) Guidelines for Multinational Enterprises and the Global Reporting Initiative's (GRI) Sustainability Reporting Guidelines. Voluntary initiatives, such as the UNGC, the OECD guidelines, and the GRI guidelines, are considered to play an important role in providing the trust‐based informal social norms, without which markets and societies cannot function. Copyright © 2012 John Wiley & Sons, Ltd.

PurposeThe paper aims to argue that the social responsibility of international business (IB) scholars is to seek truth, disseminate learning, and make a difference on issues crucial to the global economy.Design/methodology/approachInstead of making philosophical and abstract arguments on the importance of the social responsibility of IB scholars, this article focuses on a leading debate of the times: how to view the rise of China's outward foreign direct investment (OFDI)? The article argues that the so‐called "China threat" brought by such OFDI, as it is often portrayed by the (Western) media, is a myth that cannot be substantiated by evidence‐based scholarly analysis.FindingsAt present, China's OFDI stock represents a mere 1.21 percent of global OFDI stock. It would be absurd to believe that such a tiny sum can "buy up the world". Based on findings, three hypotheses on what is behind the myth about China's OFDI are offered.Practical implicationsAlthough some IB (and management) scholarships have been criticized for their alleged lack of relevance to practitioners and policymakers, this paper disagrees. IB scholars need to engage with issues of grave importance not only to the IB field but also to the wider world, such as China's OFDI.Social implicationsThe article ends with a series of suggestions on how IB scholars, driven by social responsibility, can shed light on, clear the air, and steer the course of public perception, by drawing on time‐honored, evidence‐based scholarly tradition.Originality/valueTo the best of the authors' knowledge, this is the first article in the literature on IB scholars' social responsibility.

This timely collection of essays addresses the interface between the calls for corporate social responsibility (CSR) and the demands for an extension of international human rights standards. Scholars from a vast variety of backgrounds provide expert yet accessible accounts of questions of law, politics, economics and international relations and how they relate to one another, while also encouraging non-legal perspectives on how businesses operate within and around human rights.

"The new generation of CSR In this landmark book Wayne Visser shows how the old model of Corporate Sustainability & Responsibility (CSR) is being replaced by a 2nd generation movement. This generation goes beyond the outmoded approach of CSR as philanthropy or public relations (widely criticised as 'greenwash') to a more interactive, stakeholder-driven model. Provides a 'second generation' approach to CSR that will breathe new life into the movement Can increase the effectiveness of CSR as a strategy to create positive change in society through business Acknowledges the challenges faced by conventional businesses and provides the measures needed to face these"--