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Buddhism and CSR

In May 12–14, 2011 Gábor Kovács participated in the 8th United Nations Day of Vesak celebrations and the corresponding international conference Buddhist Virtues in Socio-Economic Development in Bangkok-Ayutthaya, Thailand.

He presented his paper The Buddhist Solution for the Deficiencies of CSR in which he stressed that CSR uses the same framework as mainstream businesses, and for this reason it is not able to solve the problems of social acceptance of business. Gabor Kovács argued that from a Buddhist point of view the aim of economic actors should be the realization of well-being instead of profit-maximization.