Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/5010
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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