Businesses can help alleviate poverty and unemployment by job creation and practicing social sustainability. By factoring in how the business conducts itself and what impact its practices have on the whole, it can reduce these social issues.
how does poverty and unemployment leads to coporate social investment
Poverty
Some of the corporate social investment is given to the communities on a short term basis and this destroys the hopes of the people in the community.
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Businesses are able to attract more customers by developing social investment programs. They also benefit by learning more about their customers.
Unemployment is the main cause of poverty. Even in poor countries, when everyone is employed it usually means that there is an equality of opportunity to work by the free availability of the land and capital. However, when either of these two factors of production are limited or stopped, unemployment will result along with poverty. <><> Since macroeconomics deals with how governments should help the social system and many of its communities to progress, the problem of poverty is a major one along with the associated unemployment.
Bussineses in Southern Africa currently obtain social responsibility in their coporate social investments. This investment or responsilbility should alleviate poverty by the business introducing various facilities and faculties which should promote and give the community an upliftment of various types. Investing in a community could lead to you creating an uprise by alleviating unemployment.- Charles-jihn Makhema
Unemployment leads to poverty because without employment a person has no reliable source of income. Every person has certain needs and wants (this could be related to consumption etc.) without any income a person cannot fulfill his/her basic needs. Poverty is a situation in which a person is unable to satisfy his/her wants. Now employment may be denied to a person because : that person might not have basic skills needed to accomplish the task(illiteracy),Or because of ill health, or because of discrimination /social exclusion. These reasons are either causes/outcomes of poverty. So you see unemployment leads to poverty but poverty too leads to unemployment.
Key socioeconomic challenges include high rates of poverty, social inequality, unemployment and public service access disparities
Leng Leng Teh has written: 'How do UK social responsibility investment funds encourage corporate reform?'
scope of corporate social responsibility
Graham Room has written: 'Cross-national innovation in social policy' -- subject(s): Action research, Evaluation, Evaluation research (Social action programs), Social policy 'Beyond the Threshold' 'Anti-poverty action-research in Europe' -- subject(s): Domestic Economic assistance, Poverty ''New poverty' in the European Community' -- subject(s): Poor, Public welfare, Services for, Unemployment