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3 - Incentives, Public Procurement and Market Mechanisms

from Part I - Regulation Concepts, Paradigms and Approaches for Corporate Social Responsibility

Published online by Cambridge University Press:  15 June 2023

Onyeka K. Osuji
Affiliation:
University of Essex
Franklin N. Ngwu
Affiliation:
Pan-Atlantic University Lagos Business School, Nigeria
Gary Lynch-Wood
Affiliation:
University of Manchester School of Law
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Summary

The chapter considers the concept of regulation and a range of regulatory and non-regulatory options, including market and non-market mechanisms that governments have used and can use to advance corporate social responsibility (CSR). It recommends a six-step model for developing a CSR policy framework for governments of developing and emerging countries. The chapter therefore reiterates a more nuanced approach to regulation of CSR than the voluntarism orthodoxy acknowledges.

Type
Chapter
Information
Corporate Social Responsibility Across the Globe
Innovative Resolution of Regulatory and Governance Challenges
, pp. 39 - 64
Publisher: Cambridge University Press
Print publication year: 2023

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