200 words, 7th EDITION APA CITATION FORMAT WITH IN TEXT CITATIONS -In today's interconnected world, global business practices have a significant impact on social and economic conditions worldwide. Developing countries often

face numerous challenges in their societies, including issues related to hygiene, health, climate change, and environmental degradation. Previously, foreign direct investment (FDI) was viewed as a beneficial strategy for developing countries. However, there has been a paradigm shift that emphasizes the importance of ethical and moral considerations in global business practices. 1. Do developed countries have any responsibility towards developing countries? Support your perspective with logic and citations from authoritative sources. 2. Considering the climate change crisis and the role of businesses in fueling this crisis, how would you relate environmental factors with ethical corporate social responsibility? Surbhi, S. (2020, April 17). Difference between developed countries and developing countries. Key Differences. Malamud, V., & Rotenberg, Y. (2016). International business for the entrepreneur. D. Allen (Ed.). Hong Kong Metropolitan University. licensed under CC 4.0 This book is an excellent open-source document on corporate social responsibility in business, defining its role in sustainable development in today's global economy. Read section 14.9, *Corporate Social Responsibility and sustainable development in the global environment from Chapter 14, International business for the entrepreneur