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Title: | Values and Ethics in Eastern European Business: Some Contemporary Issues |
Authors: | Reed, Darryl |
Keywords: | Market economy Former Soviet Union Corporate governance Intellectual property Spontaneous privatization Community programs |
Issue Date: | Oct-1995 |
Publisher: | Indian Institute of Management Calcutta, Kolkata |
Series/Report no.: | Vol. 1;No. 2 |
Abstract: | This paper addresses some important questions related to ethical and human values that stem from the transition of Eastern European businesses to a market economy. While such a change has the potential for a tremendous redistribution of power and benefits in the societies involved, it also has its detrimental effects in terms of loss of wages, decline in security of life and a reduced standard of living for a significant number of people. The paper explores the problems and issues relating to former state-owned firms and newly created companies under three broad headings: (a) the manufacture and distribution of products; (b) management and corporate governance; and (c) rights, responsibilities and problems of workers. The author concludes by saying that while the transition to a market economy has broad support throughout Eastern Europe, it does not represent a painless solution. Moreover, it allows for the emergence of a range of moral problems. This complexity involved in addressing ethical issues lends itself to either of the two extreme tendencies-paralysis or creativity. The stance which Eastern Europeans take towards these problems will largely depend upon the 'moral resources' which they are able to muster up in addressing these issues. |
Description: | Darryl Reed teaches, Business Ethics Centre, Budapest University of Economics. p. 191 - 203 |
URI: | https://ir.iimcal.ac.in:8443/jspui/handle/123456789/5010 https://doi.org/10.1177/097168589500100204 |
ISSN: | 0971-6858 (print version) |
Appears in Collections: | Issue 2, October 1995 |
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reed-1995-values-and-ethics-in-eastern-european-business-some-contemporary-issues.pdf Until 2027-12-31 | Values and Ethics in Eastern European Business: Some Contemporary Issues | 898.41 kB | Adobe PDF | View/Open Request a copy |
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