Monday, November 16, 2009

When will poverty ever go away?

When will poverty ever go away?: "Business and social responsibility

You do need an advanced degree in economics to come up with a complex mathematical equation that spells out the relationship between corporate income and philanthropy.

Which is what a Japanese economics professor, whose name now escapes me, did in 1991 when he delivered a lecture before a group of Japanese and Filipinos on board a “Peace Boat” from Kobe to Manila. I didn’t quite understand what the professor’s mathematical equation meant then, but he did impress upon everyone that corporations do improve their profitability levels with increased exposure in development undertakings and charitable and humanitarian concerns"

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