What's Right? Development and Access to Capital for Indigenous Peoples

What's Right? Development and Access to Capital for Indigenous Peoples

Thomas Cooper (Faculty of Business Administration, Memorial University of Newfoundland, St. John's, Newfoundland, Canada) and Alex Faseruk (Faculty of Business Administration, Memorial University of Newfoundland, St. John's, Newfoundland, Canada)
DOI: 10.4018/ijsesd.2014070101
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Abstract

This article explores the role of the private sector and financial services companies in respecting, protecting and particularly advancing the human rights of Indigenous peoples. Using the results from a participatory research based project with an Indigenous group in Canada, it makes the argument that firms in the financial sector have an obligation to respect and advance the rights of Indigenous peoples.
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2. Indigenous Peoples

There is little debate that Indigenous groups face systematic challenges in terms of addressing poverty, overcoming economic developmental challenges and increasing the standard of living within Aboriginal communities. Bruijin and Whiteman (2010), for example, outline the growing body of literature that address issues of multinational companies and Indigenous peoples as well as how this impacts community, economic and business development from an identity perspective.

As described the Secretariat of the Permanent Forum on Indigenous Issues in a 2004 workshop on data collection and disaggregation for Indigenous peoples by the United Nations, considerable thinking and debate have been devoted to the question of defining ‘Indigenous peoples’, but no such definition has yet been adopted by any United Nations system body (UNESCO 2010).

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