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Is Stakeholder Capitalism the Answer? From Global Financial Crisis to Unfunded SDGs

In: The Palgrave Handbook of Corporate Sustainability in the Digital Era

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  • Diana Piedrahita-Carvajal

    (Universidad EAFIT)

Abstract

This chapter is a conceptual review of the harm to sustainability inflicted by the global financial crisis in 2008, which, in part, generated the present vulnerability, monetary policy exhaustion, and social unrest. Besides, the digital revolution, social trends, and global imbalances marked the challenges to address. With the Sustainable Development Goals (SDG) as a framework, the conclusion is that there is a huge lack of resources, especially in the countries that need it the most. Our purpose is to present how it is possible to surpass these obstacles through a change in values toward stakeholder perspective (business roundtable, sustainable finance, and sharing economy), active public and multilateral leadership (investment and taxing), and the collaboration between them.

Suggested Citation

  • Diana Piedrahita-Carvajal, 2021. "Is Stakeholder Capitalism the Answer? From Global Financial Crisis to Unfunded SDGs," Springer Books, in: Seung Ho Park & Maria Alejandra Gonzalez-Perez & Dinorá Eliete Floriani (ed.), The Palgrave Handbook of Corporate Sustainability in the Digital Era, edition 1, chapter 0, pages 307-333, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-42412-1_16
    DOI: 10.1007/978-3-030-42412-1_16
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