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Globalization in Relation to CSR: Bane or Boon?
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Rishi Varma T.R.
LL.M. Student at O.P. Jindal Global Law University, Sonipat, India.
Abstract
Globalization is a concept that has seeped into almost every of life. It is ever growing at an alarming pace. Though it boasts numerous advantages, it is not without its downsides. This paper intends to examine globalization and its effect on the economy. This paper attempts to analyze the adverse effects of globalization concerning its effect on sovereign nations, legal lacunas and global impacts. The paper also proposes possible actions to overcome these inadequacies that need to be addressed at the earliest. This paper has been divided into 4 parts. Part I of the paper gives an introduction to Globalization. Part II deals with the challenges that are brought about by globalization to sovereignty. Part III deals with the proposal for the implementation of Global Corporate Social Responsibility as a mechanism to face these challenges. Finally, part IV concludes this paper with the conclusions that have been arrived on.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 5, Issue 4, Page 944 - 950
DOI: https://doij.org/10.10000/IJLMH.113423Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
Copyright
Copyright © IJLMH 2021