El rol de los negocios en una sociedad próspera

This article argues that human societies can thrive if they are able to promote a virtuous circle of human rights, respect, human development, and peace. These goals are interdependent. Therefore, neither of them can be achieved without the other two. Businesses play a crucial role in this proces...

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Bibliographic Details
Main Author: López Latorre, Andrés Felipe
Format: Article
Language:English
Published: 2020
Subjects:
paz
Online Access:https://dialnet.unirioja.es/servlet/oaiart?codigo=7265855
Source:Revista Auctoritas Prudentium, ISSN 2305-9729, Nº. 22, 2020
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Summary: This article argues that human societies can thrive if they are able to promote a virtuous circle of human rights, respect, human development, and peace. These goals are interdependent. Therefore, neither of them can be achieved without the other two. Businesses play a crucial role in this process through their economic activity, which contributes or impedes the achievement of each of the components of the virtuous circle. Accordingly, governments should legally require businesses to respect human rights and implement legal mechanisms to remedy corporate abuses; (2) design foreign investment protection and trade regulations that allow governments to have enough freedom to pursue social interests even in detriment of foreign investors; and; (3) promote a system of incentives for businesses to act severally.