Ronald F. Duska (ed.), Education,Leadership, and Business Ethics

Teaching Business Ethics -     

International Co‐movements of Business Cycles in a ‘Phase‐locking’ Model

The possibility of co‐movements in the cyclical variations of aggregate output in different countries has received increasing attention in recent years. The present paper derives sufficient conditions for the occurrence of persistent co‐movements in the mean processes of aggregate economic variables of different countries, an effect called ‘phase‐locking’. The fact that the ‘phase‐locking’ effect results under fairly elementary assumptions may be taken to challenge the sophisticated theoretical speculations about the international transmission of business cycles. International co‐movements may simply be due to a ‘technical’ effect which is generic to interrelated cycling dynamic systems.     

Business Education,Values and Beliefs

The study was concerned with values, value systems and the beliefs of business students from a wide variety of cultural backgrounds. The study of values and values education in western societies is clearly different from the approach to a study of Asian values advocated by Lee Kuan Yew. We talk about integrity, idealism, honesty, fairness, altuism, justice, equity, freedom, but can we expect overseas students from different cultural backgrounds to have the same understanding of these concepts as students who have been raised in western society?