International journal of economics Business and Human Resources
Published October 13, 2020 | Version Vol 1 Issue 3
Journal article Open

The effectiveness of corporate social responsibility in the Egyptian private sector Empirical and Theoretical Investigation.

Creators

  • 1. Zhongnan University of Economic and Law, China
  • 2. Assuit University, Egypt

Description

This paper describes Corporate Social Responsibility (CSR) of the private sector in Egypt, and the importance of applying Social Responsibility by the Private sector in Egypt to help the public sector to achieve Economic and Social objectives for the Egyptian Community. So the private sector has an effective role in sustainable development. According to a report of The Egyptian Ministry of Economic Development, the Private sector plays an important role in these areas: Private Sector affects Economic Growth, Private Sector’s contribution percentage in GDP is about 62%, Private Sector’s contribution percentage in total investment in Egypt is about 65 %,  Private Sector also plays important role in employing youth, according to statistics of 2018/2019 contribution percentage of the private sector in employment is about 70% (15.5 million workers), this results in reducing unemployment rate from 10.3 %  in 2018 to 8.4 % in 2019, in addition, private sector’s role in building schools, universities,  and hospitals …etc. all above indicate the role of the private sector to exercise social responsibility toward the community that results in improving living standards of citizens, good health care, and facing unemployment problem in Egypt . any company exercises social responsibility can bring several benefits such as a reduction in taxes are paid by this company and improving the reputation of this company that results in attracting more investors. So, companies that exercise social responsibility benefit themselves and their society.

Notes

Corporate Social Responsibility (CSR), Private sector, Economic and Social Development, corporate Social Responsibility (CSR) areas.

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Related works

Is documented by
Journal article: 10.5281/zenodo.4084772 (DOI)

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