In the context of promoting world trade in a principled manner, the Caux Round Table (CRT) has done yeoman service. The CRT, an international network of principled business leaders working to promote a moral capitalism was founded in 1986 by Frederick Phillips, former President of Phillips Electronics and Oliver Giscard d’Estaing, former Vice-Chairman of INSEAD, as means of reducing escalating trade tensions. In due course of time, the CRT began focusing attention on the importance of global corporate social responsibility in reducing social and economic threats to world peace and stability.

The CRT believes that business has a crucial role to play in helping to identify and promote solutions to issues ...

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