Globalisation and Corporate Social Responsibility: An Analysis

Abstract

Corporate social responsibility" (CSR) is the term used to describe a corporate endeavor to assess and take accountability for the company's impacts on the environment and social welfare. The business environment has been greatly impacted by globalisation, the process of connecting and integrating economies, societies, and cultures on a worldwide scale. Corporate Social Responsibility (CSR) is a topic that is becoming more important as businesses grow internationally to take advantage of opportunities presented by globalisation. This study examines how globalisation and CSR are related, highlighting the difficulties and chances that organisations face in this interconnected world with a focus on India. The study begins by looking at the reasons that have fueled globalisation, emphasising how developments in technology, trade agreements, and economic liberalisation have made it easier for businesses to expand internationally. Businesses that cross geographic boundaries come into contact with a variety of social, environmental, and ethical circumstances that force them to reevaluate their obligations to different stakeholders. The significance of a thorough CSR framework aligned with the changing difficulties of globalisation is emphasised in the paper's conclusion. To formulate and put into effect strong policies and guidelines that support ethical business conduct and advance sustainable development on a global scale, policymakers, corporations, and civil society must work together.