In an era of terrorism and turbulence in global markets the greater the level of shared risk and transparency, the greater the likelihood financial institutions will be more resilient in the face of greater challenges of operation. This is a critical point that must be kept in mind in the context of the IFI CSR Maturity Model, as globalization forces a higher level of inter-process and cross-functional coordination throughout a

S., despite ardent opposition to the potential prophesized concerns of many. Real progress is being seen and free trade is expanding, exponentially and many U.S. And Canadian concerns of Asian market dominance are being addressed that otherwise would not have been. Additionally the new ground being cemented in negotiation and legal redress is substantially demonstrative of the future benefits of free trade agreements such as CAFTA. Works Cited Burtless, Gary Progressive Policy

The ethics of using labor at rates far below what would be necessary in their own nations, with no requirement of paying healthcare, no workers' compensation insurance, no unemployment insurance, or even the threat of unionization sadly ensure this practice will continue. Yet when one considers this aspect of westernization it is clear that globalization in fact does not provide benefits to everyone in the long-run. Towards a More Egalitarian

Organization Corporate Social Responsibility (CSR) refers to the relationship between a business and the society and how can both can benefit mutually through a joint partnership. Caroll (1991) suggests four different aspects to be a part of CSR and they are economic, legal, ethical and philanthropic. The economic aspect is the basis on which the business is built while legal responsibilities are encoded in law. Ethical responsibilities include doing what

Governmental CSR Policies Social Responsibility and Regulation The origin of the formal construct of corporate social responsibility is easily traced back to the 1950s (Carroll, 1999, p. 268). Over four decades, the concept had been expanded to include three prongs: Business ethics, corporate responsibility, and corporate social responsiveness" (Epstein, 1987, p. 106). The concepts are likely to continue to develop in concert and against the background that has been active for over

In essence this model of knowledge sharing creates an egalitarian benefits model where each side of the information transaction benefits. Conclusion Anti-globalization advocates argue that this approach to creating business value chains and relationships reduces economic growth to transactions where the 3rd world nations often receive little if any value for their efforts. Exacerbating this is the fact that transactions are king, relationships are not valued and trust suffers. What needs