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Corporate social responsibility is gaining importance in international trade from "summary" of Modern Law of International Trade by Ajendra Srivastava
The concept of corporate social responsibility (CSR) has been gaining traction in the realm of international trade. Companies are increasingly expected to go beyond simply maximizing profits and consider the social and environmental impacts of their operations. This shift in mindset is driven by a growing recognition of the interconnectedness of the global economy and the need for businesses to act responsibly. CSR in international trade encompasses a range of issues, including labor rights, environmental sustainability, and ethical business practices. Companies are being held accountable not only by consumers and civil society organizations but also by governments and international bodies. Failure to adhere to CSR principles can result in reputational damage, legal repercussions, and even exclusion from certain markets. One of the key drivers behind the rise of CSR in internati...
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