The increased interconnection among local and global players induced by globalization, as well as the need for a complete application of the 'subsidiarity principle', calls for a re-thinking of the 'corporate social responsibility' concept. This new concept broadens the perspective of the single...

In the current age of trade and financial openness, local economies in developing countries are becoming increasingly exposed to external investments. The objective of the proposed two-sector model with environmental externalities is to provide an insight into the interaction between external...