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CORPORATE SOCIAL RESPONSIBILITY

Corporate Social Responsibility (CSR), though known for quite some time, has gained prominence in the recent times, particularly in the last decade of the 20th century. Perhaps the importance of the phrase has grown with the rise in importance or growing clout of the multi-national corporations. Till recently the burden of social responsibility was considered to be on the governments more so in the wake of existence of Marxist and socialist ideology as a counter to the capitalist ideology. With the break up of the erstwhile Soviet Union and rejection of Marxism in favor of free economy by many of the countries the counter to the capitalist ideology has lost its force/appeal. With it the role of government in the state of affairs is getting limited. At the same time most of the governments are finding it more and more difficult to maintain the welfare programmes and social subsidies with their limited resources. Thus a need originated for some...

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Title: Corporate Social Responsibility
Approximate word count: 1124
Approximate pages: 5 (250 words per double-spaced page)

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