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Article

27 Sep 2001

Author:
Clive Crook, The Economist

Globalisation and its critics

Globalisation is a great force for good. But neither governments nor businesses, Clive Crook argues, can be trusted to make the case - ...globalisation, far from being the greatest cause of poverty, is its only feasible cure...Multinational businesses, for their part, with their enlightened mission statements, progressive stakeholder strategies, flower-motif logos and 57-point pledges of "corporate social responsibility", implicitly say that they have a case to answer: capitalism without responsibility is bad. That sounds all right; the trouble is, when they start talking about how they will no longer put profits first, people (rightly) think they are lying.