ABSTRACT
Business is increasingly being seen as the partner of choice for resolving long-term poverty issues, but the challenge is to find ways of working together that satisfy the requirements of all stakeholders. This chapter reviews recent research and thinking in the area and looks in particular at new proposals for global development organizations, designed to spread risk and organize social investment more efficiently. Multinational corporations (MNCs) are both targets for opponents of globalization yet can also form part of the solution to the huge challenges faced by the world. At the same time Non-Governmental Organizations (NGOs) are encouraging, assisting, and pressuring the more progressive corporations to increase globalization's benefits and diminish its costs. This includes pushing MNCs to increase and improve the contribution they make to the reduction of global poverty. Center for Global Development (CGD) has developed an index for measuring and ranking the performance of a set of rich countries with respect to global development and poverty reduction.
