Since the early 2000s, corporate social responsibility (CSR) has
rapidly gained significance in India, both among large companies
and as a policy instrument formally intended to foster corporate
contributions to the country's development goals. This book
analyses this phenomenon in relation to broader political and
economic changes induced by India's 'pro-business' development
strategy. Using a systems-theoretical approach, the analysis shows
that 'pro-business' policies have led profit-driven economic
processes to increasingly override collective aspirations for
social welfare, environmental protection, and democracy. In order
to decipher how CSR changes the interplays between profit-making
and developmental aspirations, the book provides detailed analyses
of CSR in the cement industry and in regulatory policies adopted by
the central government. It shows that CSR operates as an
'intermediary institution' which further enhances the autonomy of
the economic system, as it makes profit-making more responsive to
risks arising from competing collective values and interests.
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