The Impact of Corporate Social Responsibility on Economic Growth in the Region

The article studies problems of civilization development, which implies the conflict of interests of business proprietors, big multinational corporations and society urge towards sustainable development. The UN goals of sustainable development include environment protection, improving wellbeing of c...

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Main Author: N. S. Bezuglaya
Format: Article
Language:Russian
Published: Plekhanov Russian University of Economics 2022-07-01
Series:Вестник Российского экономического университета имени Г. В. Плеханова
Subjects:
Online Access:https://vest.rea.ru/jour/article/view/1382
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author N. S. Bezuglaya
author_facet N. S. Bezuglaya
author_sort N. S. Bezuglaya
collection DOAJ
description The article studies problems of civilization development, which implies the conflict of interests of business proprietors, big multinational corporations and society urge towards sustainable development. The UN goals of sustainable development include environment protection, improving wellbeing of countries and overcoming poverty. Multinational corporations and regional enterprises stick to principles of corporate social responsibility, which partially comply with goals of sustainable development, but orient towards support of business proprietors’ wellbeing. Trends in global economy show that some multinationals by the level of their profits surpass the majority of countries. Thus, economic giants can render serious impact on state policy of the region, environmental situation and population prosperity. But companies and proprietors are interested only in allocating resources to developing countries, which prevents them from working for the goals of sustainable development. According to UN reports, confrontation and conflict between capital and society resulted in slow and complicated realization of goals of sustainable development. The author put forward a number of steps aimed at elimination of misbalance towards predominance of goals of sustainable development.
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publisher Plekhanov Russian University of Economics
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series Вестник Российского экономического университета имени Г. В. Плеханова
spelling doaj-art-c9d94d2d6f7040df8474936c2f95c7472025-08-20T03:59:12ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512022-07-0104566510.21686/2413-2829-2022-4-56-65982The Impact of Corporate Social Responsibility on Economic Growth in the RegionN. S. Bezuglaya0Krasnodar branch of the Plekhanov Russian University of EconomicsThe article studies problems of civilization development, which implies the conflict of interests of business proprietors, big multinational corporations and society urge towards sustainable development. The UN goals of sustainable development include environment protection, improving wellbeing of countries and overcoming poverty. Multinational corporations and regional enterprises stick to principles of corporate social responsibility, which partially comply with goals of sustainable development, but orient towards support of business proprietors’ wellbeing. Trends in global economy show that some multinationals by the level of their profits surpass the majority of countries. Thus, economic giants can render serious impact on state policy of the region, environmental situation and population prosperity. But companies and proprietors are interested only in allocating resources to developing countries, which prevents them from working for the goals of sustainable development. According to UN reports, confrontation and conflict between capital and society resulted in slow and complicated realization of goals of sustainable development. The author put forward a number of steps aimed at elimination of misbalance towards predominance of goals of sustainable development.https://vest.rea.ru/jour/article/view/1382sustainable developmentorganizational efficiencyrizomatic approachcorporate profitmultinational corporations
spellingShingle N. S. Bezuglaya
The Impact of Corporate Social Responsibility on Economic Growth in the Region
Вестник Российского экономического университета имени Г. В. Плеханова
sustainable development
organizational efficiency
rizomatic approach
corporate profit
multinational corporations
title The Impact of Corporate Social Responsibility on Economic Growth in the Region
title_full The Impact of Corporate Social Responsibility on Economic Growth in the Region
title_fullStr The Impact of Corporate Social Responsibility on Economic Growth in the Region
title_full_unstemmed The Impact of Corporate Social Responsibility on Economic Growth in the Region
title_short The Impact of Corporate Social Responsibility on Economic Growth in the Region
title_sort impact of corporate social responsibility on economic growth in the region
topic sustainable development
organizational efficiency
rizomatic approach
corporate profit
multinational corporations
url https://vest.rea.ru/jour/article/view/1382
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AT nsbezuglaya impactofcorporatesocialresponsibilityoneconomicgrowthintheregion