Cross-border economy and Corporate Social Responsibility (CSR)!

As the cross-border economy is advancing around the globe, most globally minded companies are expanding their business operations across national borders in order to maintain competitiveness. It is desirable from the basic industrial operation point of view that end user products should be manufactured as close as possible to the local market since it permits providing products to meet local users' needs, minimizes energy use for transportation, and hence reduces air pollution, and provides jobs to local people. The role of MNCs in the global community has increased dramatically.

With more than 65,000 multinational corporations in the world today, along with more than 750,000 subsidiaries and millions of stakeholders the web of private enterprises is wider and more connected than at any other time in history. At the same time, concerns are mounting about the sustainability of the world, as well as our ability to address global challenges such as climate change, pollution, poverty, disease, and inequality. All these years people have been looking at the governments to protect society from such threats but today it is clear that government cannot do the job alone. Harnessing the power of business to improve social and environmental conditions across the world has thus become a priority for policymakers and other stakeholders, and it represents a central aim of the corporate social responsibility (CSR) movement.