A Strategic Model for Multinational Corporation Social Responsibility in the Third World

Abstract

Frequent criticism of multinational corporation social responsibility is contrasted with the “Friedman Doctrine,” which maintains that the social responsibility of business is to increase profits. A general framework recognizing that the long-range purpose of exchange is the mutual satisfaction of the interests of all parties leads to a discussion of concepts from Blau's exchange structuralism. A structural model for enhancing multinational corporation strategy for socially responsible exchange behavior with developing nations is introduced.