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Essay / Research Paper Abstract
A 3 page essay that summarizes and analyzes an article by Klaus Schwab of the World Economic Forum, which outlines his concept of Global Corporate Citizenship. No additional sources cited.
Page Count:
3 pages (~225 words per page)
File: KL9_khscwab.rtf
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Unformatted sample text from the term paper:
"catchall phrase corporate social responsibility" (Schwab 107). While this concept is useful as a first step, Klaus Schwab, Executive Chair of the World Economic Forum, argues that specific, separate definitions
are required for the various aspects that this broad concept encompasses. Furthermore, Schwab argues that this concept should be extended and redefined in terms of "global corporate citizenship" (GCC), which
Schwab defines as the awareness that businesses are also stakeholders in society and therefore "must fully commit to sustainable development," addressing the challenges facing contemporary society, such as "climate change,
the provision of public health care, energy conservation and the management of resources, particularly water" (Schwab 108). In making his argument to support this position, Schwab points out that
it has become increasingly impossible for the nation-state to accomplish all societal goals. Globalization, rapid transportation and particularly advances in technology, such as the innovations that have transformed the telecommunications
industry, have all affected the diminished power of the nation-state. Problems, such as poverty in Africa, frequently transverse borders and are beyond the scope of any one government to successfully
address. However, as state power as declined, corporate power has increased. Not only do corporations become involved in their employees private lives through offering benefits in terms of health
and education services, corporate activities affect everything from air and water quality to the "availability of life-saving drugs," as they have become a critical factor in the stability of both
governments and regions (Schwab 109). Today, even small and medium-size businesses, in addition to the multi-national corporations, have become global in their perspective. Due to these factors, just as citizens
have looked to government for "answers and leadership," they not look to business for help in addressing societal problems and they are also quick to criticize when business ignores this
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