For decades, economic and social development in low-income countries has been almost exclusively on the agenda of selected institutions. Universities and think tanks have studied development issues on the academic side, while governments, related organisations, such as development banks, and non-governmental organisations have been fostering development in practice. Until recently, both sides have widely ignored the role of private business in the development of low-income countries (World Business Council for Sustainable Development 2007). Lately, however, both academia and governments have begun incorporating the influences businesses can assert on economic and social development.
KeywordsCapitalist System Charitable Donation Social Embeddedness Global Poverty Income Market
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