This is an accepted version of a paper published in Corporate Social Responsibility and Environmental Management. This paper has been peer-reviewed but does not include the final publisher proof-corrections or journal pagination.Citation for the published paper: Dobers, P., Halme, M. (2009 Abstract: This article gives attention to several CSR questions in developing countries: 1) Illustrations from e.g. South America and Africa, including African voices critical to foreign aid, show that societies are different in many respects. This implies different capacities of organizations and their managers to understand and address pressing CSR issues in different cultural contexts. 2) Weak institutional environments, such as in developing countries, often harbor illicit financial outflow from poor countries to rich ones. This strips developing nations of critical resources and contributes to failed states, a point hardly ever discussed in the CSR literature. We argue for corporate actions in areas such as enhancing capacity in detecting tax fraud, antitrust and the unveiling of corruption cases. Obviously legislation is a task of politicians, governments and international governmental bodies. However, if business enterprises can 'legally misuse' the system, then the matter should be seen as a CSR issue also. There is thus an urgency for concerted efforts by the private sector, public sector and NGOs to develop structures and institutions that contribute to social justice, environmental protection and poverty eradication.