Why multinationals help reduce poverty

Ramani emphasises that two billion people are suffering from a lack of proper WC hygiene, waste management, health care and electricity. This is why Ramani has also taken part in the actual building of toilets for the poor in India. By this, I mean environmental problems, terrorism, social tensions and so on," says Ramani as she justifies her own work at the grass roots level.

She explains that the exceptional part of the research project that began recently is the fact that even the Nordic countries are in practice going south in search of local conditions by becoming familiar with win-win solutions to global problems that benefit both hemispheres.

The aim in India is to study how sanitation and hygiene in rural communities could be enhanced in order to improve people's health and indirectly increase work capacity. In Ghana, the objective is to examine the operations of multinational enterprises in Africa and assess the positive and negative impacts that these companies have in Africa.

The research focus in Brazil is directed at determining how rural communities could be electrified in a cost-effective manner. Supplying electricity to rural areas would free up time for productive work and provide the chance to escape poverty.

The participant from Finland is the University of Turku. All of the partner universities are on the international QS World University ranking list.

Home News. Eliminating global poverty with the help of multinational enterprises. Your search terms. Open Access only. A corporate solution to global poverty : how multinationals can help the poor and invigorate their own legitimacy George Lodge and Craig Wilson. World leaders have given the reduction of global poverty top priority. And yet it persists. Indeed, in many countries whose governments lack either the desire or the ability to act, poverty has worsened. This book, a joint venture of a Harvard professor and economist with the international Finance Corporation, argues that the solution lies in the creation of a new institution, the World Development Corporation WDC , a partnership of multinational corporations MNCs , international development agencies, and nongovernmental organization NGOs.

In A Corporate Solution to Global Poverty, George Lodge and Craig Wilson assert the MNCs have the critical combination of capabilities required to build investment, grow economies, and create jobs in poor countries, and thus to reduce poverty.

Furthermore, the contend, MNCs can do so profitably and this sustainably. But they lack legitimacy, and risk can be high, and so a collective approach is better than one in which an individual company proceeds alone. At a time when big business has been demonized for destroying the environment, enjoyed one-sided benefits from globalization, and deceiving investors, the book argues the MNCs have much to gain from becoming more effective in reducing global poverty.

This is not a call for philanthropy. Lodge and Wilson believe that corporate support for the World Development Corporation will benefit not only the world's poor but also company shareholders as a result of improved MNC legitimacy and stronger markets and profitability. More Less. Saved in:. Check Google Scholar More access options. In libraries world-wide WorldCat. In German libraries KVK.