The ‘‘new political economy’’ is not, however, just a resurrection of an earlier approach to economics Though characterized by a strong interest in the question of how politics affects economic outcomes, the new political economy is de?ned more by its way of approaching this question
which is treated in several disciplines, including ethics, economics, and other social sciences Ethics involves questions of justice and value Justice is concerned with equity and fairness, and, in general, with the rights to which people are entitled Value is a matter of worth, benefit, or good Value can
PRINCIPLES OF BUSINESS ETHICS Ethics form the foundation for international economic activities Ethical guidelines are essential in making business decisions Business professionals have responsibilities to make decisions based upon ethical principles In the 21st century, the role of ethics in international business transactions and
The second era reflected the great social, political and cultural changes that began in the 1960's and stimulated the establishment of the New Public Administration, the name we have assigned to the second era of ethics reform This period was characterized by a move toward greater individual responsibility by career civil servants
many possible contexts for an IE (types of interventions, sectors of the economy, countries, communities, social/ethnic groups ), the gold-standard claim is typically made independently of context There has been a pushback too RCTs in social-policy applications have raised a number of concerns
infl uenced not only Europeans but also those who developed the political economy structure of the United States Further, Smith’s notion of the “invisible hand” of the market continues to enhance our understanding of why some nations prosper while others stagnate 1 1For an excellent biographical sketch of Adam Smith, see David Henderson
the 1 introduction the global political economy of is universally Quizlet flashcards, activities and games Page 10/29 and Ethical Challenges of Corporate