| UNIVERSITY OF DAR ES SALAAMBUSINESS SCHOOLDepartment of Marketing | | | | | | | | | | | | |

MASTER OF INTERNATIONAL BUSINESS (MIB)

INVESTMENTS IN EMERGING MARKET

Question :
Critically describe corporate social responsibility in the context of emerging economies

INTRODUTION
Definition of the Key Terms
Emerging economy: These are rapidly growing and volatile economies of certain Asian and Latin American countries. They promise huge potential for growth but also pose significant political, monetary, and social risks.

There are varying ways to define an emerging economy and are fairly standard definition is a country with income per head of population of $ 9,265 or less. Countries big and small can fall within this definition. For example, China, Mexico, Egypt and India is regarded as an economic power house, yet income per head of population is still low, so as an emerging economy it sits alongside much smaller economies such as Tunisia.
These are typically economies in transition, moving from a closed to an open economy, as they seek to integrate into the world economy. But this wont necessary be a one way journey, and political or economic turmoil can send them back into their shells, possibly resulting in Sbigger the risk the greater the potential.

Corporate Social Responsibility: Is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the work-force and their families as well as the local community and society at large. For example (education, health, environment, culture and sports).To fully meet their social responsibility, enterprises should have in place a process to integrate social, environmental, and ethical and human rights concerns into their business operations and core