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Promoting Sustainable and Responsible Business in Asia and the Pacific: The Role of Government, Studies in Trade and Investment 72

Editor

Listed:
  • United Nations ESCAP
    ()

    (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP))

Author

Listed:
  • Nick J. Freeman

    ()

Abstract

Corporate social responsibility (CSR) is widely accepted as the business sector's contribution to inclusive and sustainable development. Thus, government can harness the CSR agenda in pursuit of this goal. There are several reasons why governments should seek to promote CSR: greater social and environmental sustainability, market competitiveness, economic stability, and good governance. This policy-oriented paper identifies initiatives that policy-makers in the Asia Pacific region should duly consider for promoting CSR practices, at both the regional and national levels, and spanning domestic small and medium-sized enterprises (SMEs) to large multinational enterprises (MNEs). The initiatives are diverse in focus and scope, although there is one common denominator: virtually none can be enacted by government alone. Any initiative to promote sustainable and responsible business needs to be sustainable in itself, and that in turn necessitates the active engagement and tangible inputs of the business community.

Suggested Citation

  • Nick J. Freeman, 2011. "Promoting Sustainable and Responsible Business in Asia and the Pacific: The Role of Government, Studies in Trade and Investment 72," STUDIES IN TRADE AND INVESTMENT, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), number tipub2617 edited by United Nations ESCAP, September.
  • Handle: RePEc:unt:ecbook:tipub2617
    as

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    File URL: http://www.unescap.org/tid/publication/indpub2617.pdf
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    References listed on IDEAS

    as
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    3. Ben Shepherd, 2010. "Trade costs and facilitation in APEC and ASEAN: delivering the goods?," STUDIES IN TRADE AND INVESTMENT,in: Rising Non-Tariff Protectionism and Crisis Recovery, chapter 5, pages 93-110 United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
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    6. Bala Ramasamy, 2010. "An analysis of import-export procedures and processes in China," Working Papers 8810, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    7. Syed Saifuddin Hossain & Md. Tariqur Rahman, 2011. "Facilitating Trade through Simplification of Trade Processes and Procedures in Bangladesh," Working Papers 9311, Asia-Pacific Research and Training Network on Trade (ARTNeT), an initiative of UNESCAP and IDRC, Canada..
    8. Shepherd, Ben & Wilson, John S., 2009. "Trade facilitation in ASEAN member countries: Measuring progress and assessing priorities," Journal of Asian Economics, Elsevier, vol. 20(4), pages 367-383, September.
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    corporate social responsibility; global compact; Asia and the Pacific; role of government; economic; social; environment; market competition; sustainable and responsible business; inclusive and sustainable development; carbon credit; green bank; policy-makers; SME; MNE; trade; investment;

    JEL classification:

    • F1 - International Economics - - Trade
    • H1 - Public Economics - - Structure and Scope of Government
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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