Chapter 8 Moral Principle 5:
Option for the Bottom of the Pyramid
69. Is poverty a global issue?
Poverty is a human condition of having insufficient resources or income. In its most extreme form, poverty is a lack of basic human needs, such as adequate and nutritious food, clothing, housing, clean water, and health services.
70. How poor are those in the bottom of the pyramid?
Nearly three billion human beings live on less than two dollars a day. The GDP of the poorest 48 nations is less than the ...view middle of the document...
It means we should stop the method of “fish” giving and improve the “fishing skills training” business.
72. What is Millennium Development Goals or MDGs?
Pooling together the resources of all sectors to meet these challenges is a landmark strategy in human history. Under the United Nations’ program called Millennium Development Goals, a universal and urgent call to action has been made to achieve a fifty percent reduction in poverty by the year 2015. That call to action is a tough resolve, to say the least, for those who strongly feel the need to help the poor.
73. Why should business play its role in poverty alleviation?
1. Reputation capital
- it is apparent that good corporate citizenship is recognize and supported by the public.
2. Sustainability premium
- the company’s share in corporate citizenship, particularly in the role of business in reducing poverty.
3. Social Investment
- external stakeholder engagement, such as community involvement, is increasingly becoming critical to the corporate world.