In this series of essays that span over 20 years of research, Benjamin Bobo builds the case for multinational corporations to take an active role in combating poverty around the world. Citing sobering statistics (for example, three-fourths of the world's nations are classified as Third World and four-fifths of the world's people live in these nations), Bobo argues that huge corporate entities not only have the wherewithal but an obligation to alleviate the suffering that results from a lack of economic resources and opportunity. Through these provocative and forward-looking essays, he presents a theoretical and practical framework for multinationals to stimulate economic development in the Third World-providing access to capital, entrepreneurial expertise, and emerging technologies.
In a bold challenge to conventional thinking about wealth creation and strategic decision-making, Bobo applies such concepts as profit satisficing and stakeholder givebacks, and proposes an agenda for change that begins in business schools (the intellectual training ground for multinational managers), with increased emphasis on sustainability and human development. The net result, he argues, will be a world in which both producers and consumers benefit.
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Benjamin F. Bobo is a professor of ¿nance, College of Business Administration, Loyola Marymount University where he teaches ¿nance at the undergraduate level and international economic strategy and trade policy in the graduate program. He has held faculty posts at the University of California, Los Angeles and the University of California, Riverside and has served as Assistant Secretary for Policy Development and Research (Acting) at the U.S. Department of Housing and Urban Development in Washington, D.C. He has headed U.S. delegations to the former Soviet Union, Switzerland, Greece, Mexico and Canada. Dr. Bobo has implemented U.S. policy on international housing technology and has served as Co-Chair of Joint Steering Committees of U.S. bilateral agreements. He has served as consultant to the U.S. Department of Commerce and to private ¿rms, and engaged business development activities in Africa, Europe, and the Caribbean. He has published extensively on Third World development; his research focuses on life-choice constraints of the economically disadvantaged.
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