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Private vs Public Sector

Abstract: 
Different countries have different governing structures between public and private sectors, and this difference impacts the efficiency and effectiveness of making sustainability impacts. Generally, private sectors are more effective in implementing sustainability efforts, but the public sector embraces and enforces regulations for sustainability. This is primarily because private corporations have the monetary resources to make a difference and build infrastructure projects, however it is argued that they lack the initial corporate social responsibility due to their focus on pleasing their shareholders and turning a profit. If the public and private sectors are integrated, such as in Japan and France where some private firms are part of the government, then private firms tend to have some social responsibility. However, in countries like the U.S. where the government and private firms are divided, it is more difficult to initiate social responsibility into private firms.
Author: 
Lisa London
Institution: 
University of Texas at Arlington
Year: 
2012
Input By: 
Jessie Xiao
Affiliation: 
MIT
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Bibliographies & Reports