. "4 Improving Community Health Globally." Global Environmental Health in the 21st Century: From Governmental Regulation to Corporate Social Responsibility: Workshop Summary. Washington, DC: The National Academies Press, 2007.
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Global Environmental Health in the 21st Century: From Governmental Regulation to Corporate Social Responsibility - Workshop Summary
in public and environmental health is undeniable, and when we look at the flow of capital in developing world, it is evident that the flow of capital coming from coming from the private sector, said Petkoski. Therefore, the corporate sector need to lookbeyond short-term profit making and develop a sustainable bottom line that addresses issues related to corporate social responsibility. One of the market-based solutions for the private sector is building broader social capacity, creating sustainable markets, and supporting environmental sustainability. The social legitimacy of sustainable markets, including capturing new market opportunities, depends on how efficiently social causes are addressed, said Petkoski. He further noted that there is a very limited role for the private sector in environmental health without sustainable markets. Developing a common language and shared understanding of the main challenges is probably the toughest problem, said Petkoski. The private sector is typically more flexible and responsive in making and implementing decisions; governments cannot possibly match their pace. Therefore, the private sector has the potential to help address governance gaps and compensate for its failures. Of course, communities also play a critical role in the decision-making process. They need to embrace a broader view of environmental health and be more engaged in the decision-making process, and that requires a lot of additional work in capacity building.
Health challenges and their interdependence with economic, environmental, and social issues are becoming too complex. The resources and competence needed for addressing them are too dispersed for one sector to have all the solutions.
Health challenges and their interdependence with economic, environmental, and social issues are becoming too complex, and the resources and competences necessary to address them are too dispersed for any one sector to have all the solutions, said Petkoski. Therefore, it is essential that organizations, such as the World Bank, foster effective multisectorial partnerships for capacity development. Such partnerships will allow for more meaningful dialogue and facilitate greater collaboration between social groups, governments, and the private sector, leading to greater impact on the ground, concluded Petkoski.