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Working Hard, Working PoorA Global Journey$
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Gary S. Fields

Print publication date: 2011

Print ISBN-13: 9780199794645

Published to Oxford Scholarship Online: January 2012

DOI: 10.1093/acprof:oso/9780199794645.001.0001

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Harnessing the Energies of Private Companies

Harnessing the Energies of Private Companies

(p.119) 8 Harnessing the Energies of Private Companies
Working Hard, Working Poor

Gary S. Fields

Oxford University Press

The private sector has the potential to be a potent force in the fight against global poverty. That, however, is not its raison d’être. As a descriptive matter, companies seek higher profits. This chapter explores what private companies now do and how policies might be designed so that private companies will do more to improve earning opportunities for the poor as they pursue higher profits. Several issues are explored including firms’ location decisions, business environment and investment climate, consumer movements, and corporate social responsibility.

Keywords:   profit maximization, location decisions, business environment, investment climate, consumer movements, corporate social responsibility

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