Economic Development and Equity

In order to achieve economic equity in the Sustainable Development Goals (SDGs), we need to focus on the role of business and management in economic development. Therefore, it is important to have a vision for responsible business in sustainable development. We need to rethink philosophy of management and leadership practices in order to develop new organizational forms and governance structures that can help to achieve economic equity in economic development. Therefore, it is important to evaluate the efforts and difficulties of different kinds of business including transnational corporations and SMEs with regard to the transformation toward progressive business models following the UN sustainability goals at global markets in economic development. Here it is important to analyze critically the commitment to business ethics and Corporate social responsibility (CSR) of the sustainability goals in relation to economic equity in business strategy and governance decisions and business cultures. The task is to study conceptual and practical problems that business corporations searching for business legitimacy face when being asked to function as corporate citizens working for realizing the economic equity in economic development in relation to the realization of UN sustainability goals in business practices. Thus, the aim of this chapter is to present analysis of the UN sustainable development goals (SDGs) in relation to economic equity in economic development from the perspective of philosophy of management, business ethics, and corporate social responsibility.