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The dominance of multinational enterprises and the influence of local business elites has been a cause of concern in some circles, whilst in others they have been praised as innovative engines of the ‘entrepreneurial economy’. Today, in the aftermath of the global financial crisis, and amidst an economic boom of many emerging and developing economies, the schism between the optimists and the pessimists seems greater than ever. Can global business and the growing number of entrepreneurs in emerging countries rid the world of absolute poverty in the near future as some business leaders predict? Or will collusion between business and political elites, and the availability of new powerful surveillance technology, rob people across the world of their basic human rights, and herald in a new era of feudalism? Will the economic decline of Western democracies see a sell-out of their commitment to human rights? Or will we see a resurgence of business ethics, good global corporate leadership and the adoption of more shared value approaches?