What Does the World Need?
What this world needs is a very critical question. Obviously whatever its needs, they are not quite satisfied as the gap between the haves and have-nots is increasing at a critical rate. This is a very alarming issue, since the gap typically leads to discontent, restlessness and eventually different types of violent hostilities. Hence, some critical decisions must be made to cope with and ideally eliminate the gap. Coping with the gap implies stopping it from widening, and perhaps, at least in small portions, creating some activity that would cause its narrowing. Drucker (1985), quoting Thomas Jefferson, stated that every generation needs a new revolution. He continued, saying that, “reason in time becomes nonsensical and creates social afflictions.” From such a position it is clear that the world needs a different orientation to economic development such as what is done by entrepreneurs who would create economic revolutions by challenging conventional wisdom.
KeywordsCorporate Social Responsibility Vicious Cycle Import Substitution Endogenous Development Borrowing Country
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