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Corporate social responsibility is an increasingly important and visible topic in the business world as evidenced by the many corporations that are adopting social responsibility actions into their business practices. One reason for this social developments is that companies have long been associating sustainability of business models with socially responsible practices. However, social responsibility also has limitations and difficulties for firms, which present important questions. What are the benefits and costs associated with implementing corporate social responsibilities? What are companies doing to embrace social responsibility in Mexico, Chile, Puerto Rico, Brazil, and Colombia?

Monica Gordillo is a Lecturer In Management and International Management, Iowa State University in Ames. Monica received her B.A. in Business Administration, Summa Cum Laude, from University of San Francisco de Quito Ecuador in 1992. She received a Master of Philosophy in International Business from Cambridge University in 1996, and a Master of Arts in Latin American Studies from University of Kansas in 1998.

For more information on the Foreign Relations Council visit their website at www.icfrc.org.