Corporate Solution to Global Poverty

World leaders have given the reduction of global poverty top priority. And yet, it persists. This book argues that the solution lies in the creation of a new institution, the World Development Corporation (WDC), a partnership of multinational corporations (MNCs), international development agencies, and nongovernmental organizations (NGOs).

Acknowledgments ix List of Abbreviations xi Prologue 1 PART I: The Legitimacy Gap Chapter 1: Introduction 9 Chapter 2: The Legitimacy of Business 21 PART II: Reactions, Responses, and Responsibilities Chapter 3: NGOs and the Attack: Critics, Watchdogs, and Collaborators 45 Chapter 4: The Corporate Response 71 Chapter 5: International Development Architecture 90 Chapter 6: The Emerging International Consensus 117 PART III: Global Poverty Reduction and the Role of Big Business Chapter 7: The Options for Business Contributions 137 Chapter 8: A World Development Corporation 155 Notes 165 Bibliography 177 Index 185