Business Ethics and Corporate Governance, Second Edition

CHALLENGES OF GLOBALIZATION IN THE CONTEXT OF GROWING MARKET ECONOMIES

Some commentators suggest that we are at a major turning point in history—a time that occurs only once every hundred years or so, when adequate vision is lacking, leadership is weak, new technology sweeps across nations, gaps widen between people, laws and institutions break down, values weaken, crime and corruption increase and human relations falter. Such factors inherently threaten world peace, stability and prosperity, while business globalization is accelerating in both the historically major economies and the strong new economies. The period since the CRT was founded has encompassed the completion of the General Agreement on Tariffs and Trade (GATT) agreement, strongly ...