Number of Downlaods: 27
Published Date: Jan 15, 2003
Economic Efficiency and Community Participation: Applying the Principles of the Global Compact (P-30)
Shaheen Rafi Khan and Fahd Ali
The idea of the UN Global Compact (GC) is to sensitize international business leaders to the UN vision of a sustainable and inclusive global economy. This policy paper looks at that subset of GC declaration, principles and mechanisms in the context of trade and sustainable development, with special relevance to income distribution and the environment. The focus of the paper is on the small and medium enterprises (SMEs). The aim of the paper is to sensitize the GC partners to indigenous best practices, to elicit advocacy and financial support for replicating such practices on a larger scale and to draw upon such practices in establishing standards and codes of conduct for equitable income distribution.