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Date:
10.-11. September 2009 | Location:
Ploen Castle
Schleswig-Holstein
Germany |
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The Global Society
Corporate Social Responsibility (CSR) represents a company’s voluntary commitment to address the ethical, social and environmental factors associated with its operations. Despite its potential for furthering social needs CSR activities may come under severe pressure in an era of increased global competition and during business cycle downturns. | 
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Around the world – from the U.S. to Europe, from Latin America to the Far East – people are losing their jobs in the aftermath of the financial crisis and the consequent economic downturn. In Europe and the U.S., many of them are joining the ranks of the unemployed; in China, many are returning to the rural areas from which they came. In developing countries millions and millions of workers are being pushed into extreme poverty. | 
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International labor migration promotes economic development in sending countries and can help overcome skill shortages and demographic problems in host countries. Nevertheless, many of these potential benefits are not realized because immigration policies are often too restrictive and not harmonized between host and sending countries. | 
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According to the ILO, income inequality has increased in about two-third of the countries of the world since 1990s. The current global financial crisis and the accompanying worldwide economic recession are expected to further widen the gap between the rich and the poor (ILO 2008). |  | |
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In the aftermath of the collapse of the western financial system, many observers agree that neither unfettered financial markets nor invasive regulation are able to ensure that financial and business leaders will necessarily act in the public interest. | 
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