There has been a growing level of interest in expressions and dynamics concerning Corporate Social Responsibility (CSR) within the contexts of developing countries. This chapter explores antecedents and consequences of CSR that are specific and relevant across these contexts in an attempt to outline a distinctive set of CSR agenda challenges in the developing world. To this end, we juxtapose insights derived from CSR research in developed versus developing economies with the aim of highlighting key distinctive themes that emerge from CSR research focused on developing economies that are not commonly or centrally explored in CSR research on the developed world. Such a comparative exercise helps us to critically question the theories and conceptions we import, as well as their applicability or tailoring in the developing world. It is also used as a basis to propose a multi-level integrative model for CSR research in developing countries, which encourages researchers to better problematize context in order to try to understand the potential and limitations of CSR vis-à-vis the roles of multiple actors and beneficiaries of CSR.