000 01995cam a2200265 4500500
005 20250121054553.0
041 _afre
042 _adc
100 1 0 _aSeverino, Jean-Michel
_eauthor
245 0 0 _aFirms as a common good
260 _c2017.
500 _a81
520 _aVarious theories of justice have dominated official development assistance (ODA) over the decades, and then the universe of global public action. Historically, they have tended to oppose private, lucrative and selfish activity to the public good, which was a monopoly of states or a field of action mainly for philanthropists. This division no longer reflects either the reality of the field of collective action or the state of the world. This article, in contrast, presents the firm as an institution that produces externalities, either because of its core business or because of the way in which its business is delivered. An important issue, therefore, is to maximize these externalities, either for the benefit of the company’s strategy or for the benefit of the community. Important consequences stem from this alternative vision, for the enterprises themselves, but also for governments and development finance institutions, of how to conduct development policies in the context of globalization, building on the private sector, by using or boosting it to enhance the collective welfare.JEL Codes: D21, D22, F35, H41, L30, L31, L32, L33, L39, O10, O25.
690 _atheories of justice
690 _aglobal public goods
690 _aimpact investment
690 _ahistory of official development assistance
690 _amarket theory
690 _aexternalities
690 _aindustrial policies
690 _apublic development banks
690 _abusiness theory
786 0 _nRevue d’économie du développement | 24 | 3 | 2017-11-30 | p. 25-53 | 1245-4060
856 4 1 _uhttps://shs.cairn.info/journal-revue-d-economie-du-developpement-2016-3-page-25?lang=en&redirect-ssocas=7080
999 _c470586
_d470586