October 13, 2011

Development 2.0: Changing the Way Globalization Works

Published: September 2008

What role should multinational companies play vis-à-vis emerging markets? Should globalization in the shape of lower trade and investment barriers between rich and poor, east and west, north and south continue?

How much responsibility do companies have to address social issues outside of the core business competencies? How much benefit do they derive from improving social goods such as education, health care, business literacy, ethics, and governance? 

These are some of the questions addressed in this report.

Global development, particularly for less-developed countries, is at a fork in the road — torn between neo-populism and the embrace of market-oriented development. The examples of China, India, Korea, and Singapore hold out the promise of a more integrated global system, where market-based conditions assist billions of people to lift themselves out of poverty. Innovation, risk-taking, collaboration, accountability, and results are all important tenants represented under this system — which we will refer to as "Development 2.0."

As a whole, the global-development community has a variety of challenges and demands to address.

This publication shows how companies and their nongovernmental and governmental partners are already responding to these challenges.