Normative contexts and moral decision

This paper attempts to explain the significance of the ‘ideologies’ — or ‘middle-level’ normative discourse — described by Kenneth Goodpaster in his paper ‘Business Ethics, Ideology, and the Naturalistic Fallacy’. It is argued that the propositions constitutive of this discourse are not invokable moral principles (i.e. principles which generate solutions to actual moral problems). Rather, they are characterizations of the normative contexts in which moral decisions are made. As such, they place limits on the ways in which the abstract moral principles of traditional moral theory may be applied or interpreted in making real-life moral decisions.     

A comparison of five business philosophies

While the media and public opinion polls suggest that the state of business ethics is declining, surveys of corporate managers on the subject are less than conclusive. This study presents results of a survey of 487 adult, MBA, and undergraduate business students on the business philosophies of Machiavellianism, Darwinism, Objectivism, Relativism, and Universalism. The findings were consistent with earlier research which showed prospective managers to be less ethical than practicing ones and that women and those reporting a strong religious conviction tend to be more ethical. Explanations and several recommendations for improving the situation are offered. ‘If you saw Atlas... trying to hold the world aloft with the last of his strength, and the greater his effort the heavier the world bore down upon his shoulders — what would you tell him to do?’ ‘To shrug.’ —Ayn Rand, Atlas Shrugged     

The role of multinationals in the NIEO

In the context of the New International Economic Order (NIEO) the developing countries are expressing more and more frequently a wish for stricter control over the multinational enterprises. What should be the features of a Code of Conduct for Multinationals?     

The Harmonization and Convergence of Corporate Social Responsibility Reporting Standards

The goal of this article is to evaluate the future of Corporate Social Responsibility (CSR) reporting in terms of the harmonization of reporting standards. The evolution and convergence of financial reporting standards are compared to that of CSR reporting standards. In addition, four globally recognized CSR reporting standards are evaluated. The content of each standard is reviewed, a representative from each standard organization is interviewed, and the standards are evaluated for decision usefulness. This research suggests that the Global Reporting Initiative (GRI) would be the best standard to provide decision useful information. This analysis is reinforced by recent events in the transformation of CSR reporting standards and provides insight into the possible future development of CSR reporting standards.     

Collective Self-Reliance: Concept and reality

The concept of Collective Self-Reliance (CSR) has been of increasing political importance since the early seventies in the North-South negotiations and also at the South-South conferences (of non-aligned and Group of 77 countries), especially in connection with the discussions on a New International Economic Order (NIEO). Development researchers in poor and rich countries have at the same time begun to pay more attention to the concept of Self-Reliance (SR) in both its individual and its collective dimension. The concept of Collective Self-Reliance is examined in the following article as are its chances of realization.     

A concept for an Open World Economy

One of the many new publications dealing with the reform of the International trade system is the report of the Trade Policy Research Centre “Towards an Open World Economy”. The following article analyses and criticlses the main proposals of the report.     

UN development strategy for the eighties

The recently held 11th Special Session of the UN General Assembly reached agreement on an international strategy for the Third Development Decade which is to be formally passed by the current 35th General Assembly. In the discussion it became obvious that the developing countries’ interest still focusses on a New International Economic Order. There are however grave doubts about the possibility of reaching, by institutional reforms, a real solution for the development problems to be faced in this decade.     

Aid and donor countries’ GNP

The authors try to test statistically whether the flow of resources between poor and rich countries has in fact conformed to the “1 per cent” target defined by the United Nations. Basis for testing several hypotheses are data published by the Development Assistance Committee (DAC) of the OECD.     

International raw material policy in the agricultural and industrial sphere

The demands in the sphere of raw material policy are a cardinal element of the “New International Economic Order” on which the developing countries are insisting. Dr Hermes, Secretary of State in the Foreign Office of the Federal Republic of Germany, discusses the Common Fund and other issues concerning raw material policy from the German point of view.     

The “pipeline” problem in bilateral financial cooperation

It has been observed since about 1976 that financial commitments to developing countries have been disbursed more slowly than in the past. At the same time there have been increasing complaints from recipients that the commitment, appraisal and disbursement procedures of the donor countries were excessively complicated, resulting in a delay of disbursements. The Western industrialized countries, both individually and jointly in the Development Assistance Committee of the OECD, therefore initiated investigations into the importance to be assigned to this phenomenon as well as into the question of whether there are any possible ways of simplifying the administrative procedures. The following article sums up the results of such a study by the German Institute for Development Policy in respect of the Federal Republic of Germany.     

GATT’s role in East-West trade

After a phase of stagnation in East-West trade lasting several years, both sides have more recently been at pains to intensify economic relations between East and West, the reasons being both economic and political. What part can the General Agreement on Tariffs and Trade (GATT) play in this regard?     

EC reform inch by inch

After ratification by member countries, the “Luxembourg reform package” worked out by the European Council at the end of 1985 is to provide the basis for the development of the European Community into the nineties. What are the challenges facing the EC? What opportunities do the Luxembourg reforms open up?     

Tunisia’s development perspectives

Tunisia is at the beginning of the second decade of its development planning. The first decade (1961–1972) was put under the heading of Socialism. The influence of the socialist conception on development planning was reflected by a high share of public investments in total investments as well as intensified furthering of agricultural cooperatives.     

Critical analysis of the Barre-Plan

The Commission of the European Communities, in the spring of 1970, accepted “A Plan for the Phases Establishment of An Economic and Monetary Union”, based on the Barre-Memorandum of February 12, 1969, prepared by M. R. Barre, himself a former Commission member. This article deals with the still unanswered questions which according to the author were raised.     

State and trends of economic East-West relations — A German view

The trade of the Western industrial states with Eastern Europe has been the object of keen political interest in the past year or two although it accounts for no more than 5–6 p.c. of the total foreign commerce of the OECD countries. The current discussion about the future of the economic relations between East and West focuses on the greatly increased indebtedness of the East European countries to the West. The following review was presented as the introductory paper at a colloquium on the state and trends of East-West relations which was held at the end of February at the invitation of the Senator of Economic Affairs of Hamburg.     

For a Social Market Economy in North-South relations

The North-South dialogue on a New International Economic Order has reached deadlock. To revive it Prof. Sautter is counseling an offensive application of the basic principle of the Social Market Economy to the global economic relations between industrialised and developing countries.     

Limited paternalism and the Pontius Pilate Plight

Ebejer and Morden (‘Paternalism in the Marketplace: Should a Salesman Be His Buyer's Keeper?”, Journal of Business Ethics 7, 1988) propose ‘limited paternalism’ as a sufficient regulative condition for a professional ethic of sales. Although the principle is immediately appealing, its application can lead to a counter-productive ethical quandary I call the Pontius Pilate Plight. This quandary is the assumption that ethical agents' hands are clean in certain situations even if they have done something they condemn as immoral. Since limited paternalism can give rise to this queer conclusion in the salesperson/buyer relationship, the principle is suspect. It may be a necessary condition for ethical sales, but is not sufficient. This discussion concludes by suggesting two additional criteria which, when complemented by the limited paternalism principle, are jointly sufficient.     

A new departure in international commodities policies?

In the course of the last United Nations' World Trade Conference (UNCTAD) the Soviet Union, Ivory Coast and Bulgaria signed the agreement on the Common Fund for Commodities. The Fund, which was conceived as the cornerstone of a new international commodities policy, will thus come into effect in the near future, probably in the course of 1988. Will this leadt o a new departure for international commodities policies?     

Periphery capitalism — Without question mark

This article is a rejoinder to Professor Marion Mushkat’s contribution “Pheripheric Capitalism?” which was published in INTERECONOMICS, No. 5, May 1975.