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Global Business in Local Culture

The Impact of Embedded Multinational Enterprises

  • Book
  • © 2018

Overview

Authors:
  1. Philipp Aerni

    1. Center for Corporate Responsibility and Sustainability (CCRS) at the University of Zurich, Zürich, Switzerland

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  • Examines the impact of MNEs on local economic development
  • Offers concrete guidance on establishing sustainable Corporate Social Responsibility (CSR) strategies
  • Presents real-world case studies on the local impact of MNEs

Part of the book series: SpringerBriefs in Economics (BRIEFSECONOMICS)

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xvi
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  2. Introduction

    • Philipp Aerni
    Pages 1-11

  3. Societal Foundations of Economic Development

    • Philipp Aerni
    Pages 13-19

  4. Neoliberalism: A Mythical and Meaningful Term Devoid of Any Deep Thought

    • Philipp Aerni
    Pages 21-28

  5. The Impact of Popular Stereotypes in Academic Research and Public Policy

    • Philipp Aerni
    Pages 29-49

  6. The New Understanding of the Term ‘Embeddedness’ in Economic Sociology

    • Philipp Aerni
    Pages 51-59

  7. Economic Globalization as a “Disembedding” Force?

    • Philipp Aerni
    Pages 61-72

  8. Embedded MNEs and Their Contribution to Sustainable Change

    • Philipp Aerni
    Pages 73-88

  9. Development Cooperation as a Catalyst for Sustainable Long-Term FDI

    • Philipp Aerni
    Pages 89-97

  10. Concluding Remarks

    • Philipp Aerni
    Pages 99-110

  11. Back Matter

    Pages 111-122
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Keywords

About this book

This book examines the impact of multinational enterprises (MNEs) on local economies, and presents selected case studies of MNEs operating in low income countries. By balancing external social and environmental costs against its corresponding benefits, the book demonstrates that MNEs can have a positive net-impact on local development if they build up social capital by embedding themselves in local economies and engaging responsibly with local stakeholders. By doing so MNEs contribute to inclusive growth, a central pillar of the UN Sustainable Development Goals. In this context, the book challenges popular narratives in civil society and academia that frame foreign direct investment (FDI) merely as a threat to human rights and sustainable development. Moreover, it offers practical guidance for globally operating businesses seeking to establish progressive Corporate Social Responsibility (CSR) strategies of their own.

Authors and Affiliations

  • Center for Corporate Responsibility and Sustainability (CCRS) at the University of Zurich, Zürich, Switzerland

    Philipp Aerni

About the author

Philipp Aerni is Director of the Center for Corporate Responsibility and Sustainability (CCRS). He received his Master’s in Geography from the University of Zurich and completed his PhD in agricultural economics at the ETH Zurich. Prior to his position at the CCRS, Dr. Aerni was a research fellow at Harvard University, the ETH Zurich, the University of Berne, and the Food and Agriculture Organisation of the United Nations (FAO).

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