Journal of International Business and Economics

Sustainable Development and Corporate Social Responsibilities of Foreign Investors in Namibia: Is there a Need for a Mercantile Refocus?
Ralph Marenga, Omu Kakujaha-Matundu

Abstract
This paper draws focus on various corporate social responsibilities (CSR) by foreign investors within the context of a developing state, Namibia. Consensus has been achieved on the positive impactful role CSRs of foreign investors have in propelling sustainable development of the country. Through the lenses of evolving discourses on the role of CSR by foreign investors in the sustainable development arena, the current paper problematises the rather absent, silent and ambiguous approach the Namibian government has taken in encouraging CSR by foreign investors within the country. This paper found that the legal and policy framework on CSR in Namibia remains ambiguous, especially concerning foreign investors. This has made it impossible for the country to fully benefit from the developmental advantages that CSR activities by foreign investors bring with. Within the context of Namibia, this paper discusses the dynamics involved in the practice and recommends strategies to serve as a guideline in practicing CSR by foreign investors. These strategies centre around the legal, economic, informative and networking spectrums of CSR, with a particular emphasis on profitability (mercantilism) retention by foreign investors in light of it being a liability.

Full Text: PDF     DOI: 10.15640/jibe.v7n2a8