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L’entreprise, lieu commun

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  • Jean-Michel Severino

Abstract

Various theories of justice have dominated official development assistance (ODA) over the decades, and then the universe of global public action. Historically, they have tended to oppose private, lucrative and selfish activity to the public good, a monopoly of states or the privileged area of action of philanthropists. This division no longer reflects either the reality of the field of collective action or the state of the world. This article, on the other hand, presents the firm as an institution that produces externalities, either because of its core business or because of the way in which the latter is delivered. An important issue then becomes to maximize these externalities, either for the benefit of the company?s strategy or for the benefit of the community. Important consequences stem from this alternative vision, for the enterprises themselves, but also for governments and development finance institutions, about how to conduct development policies in the context of globalization, building on the private sector, by using it or energizing it for the benefit of the collective welfare. Codes JEL: D21, D22, F35, H41, L30, L31, L32, L33, L39, O10, O25.

Suggested Citation

  • Jean-Michel Severino, 2016. "L’entreprise, lieu commun," Revue d’économie du développement, De Boeck Université, vol. 24(3), pages 25-53.
  • Handle: RePEc:cai:edddbu:edd_303_0025
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    More about this item

    Keywords

    theories of justice; history of official development assistance; global public goods; business theory; market theory; externalities; impact investment; industrial policies; public development banks;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L39 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Other
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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