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Reading: Promotion of Development of Institutions: A Task for Global Corporations?

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Promotion of Development of Institutions: A Task for Global Corporations?

Author:

Rikke Sommer

LSEGB
About Rikke

I send a thank you to Athol Williams and Gabrielle Denning-Cotter for valuable comments.

Msc Philosophy and Public Policy (2013-2014). After graduation, she returns to her home in Copenhagen, where another master thesis and a student job as a consultant awaits.

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Abstract

In this paper, I show how Milton Friedman – who usually is taken to be interested in shareholders only - nevertheless can be said to support a positive duty for global corporations to promote the development of institutions in countries in which they operate. The argument is strengthened by rejecting two objections, first that shareholder interest is all that matters and second, that corporations do not have a mandate to take such positive actions. My argument has implications for both practical management in global corporations and traditional scholars of Friedman’s.

How to Cite: Sommer, R., 2014. Promotion of Development of Institutions: A Task for Global Corporations?. Rerum Causae, 6(2), pp.131–138.
Published on 01 Jul 2014.
Peer Reviewed

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