Peru: Government to make CSR focus of APEC summit
Date: 31 Jul 2008
Peru's deputy foreign minister has said that corporate social responsibility will be tabled as a key element of globalisation when the country hosts the next Asia Pacific Economic Cooperation (APEC) summit in Lima in November.
Gonzalo Gutierrez Reinel said that the stark contrast between poverty in the Andes alongside international companies making billions of dollars from gold, silver and copper created a social problem.
He said: "If companies have a social element they can be accepted and considered a part of society". Peru has seen increasing discontent in recent years as the population have continued to endure high levels of poverty.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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