Business strains may curb social responsibility drive. The shine has gone off the bloom of the boom.
Recession seems to be a possibility on the horizon.
This is the gloomy reality as these chieftains come to Davos for their annual deliberations. While the leaders of non-governmental organizations may wish to encounter the businessmen in debate on global corporate responsibility, it is improbable that there will be as much patience for this topic as in the last couple of years. Pressures have mounted on business in recent years to demonstrate greater social responsibility. Business has been increasingly called upon to engage in constructive discussions about the ways in which it can make a more positive contribution to globablization. For a time it looked as if an increasing number of businessmen were not just listening, but actually stepping forward to act positively.