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34 Cards in this Set
- Front
- Back
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Globalization |
shift toward more integrated and interdependent world economy |
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Drivers of Globalization |
lower trade barriers, technological advances (social media/communication) |
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Global Institution |
WTO World Trade Organization |
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What was the trend in trade |
Us was on top, but only in beginning |
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Political Economy |
System of government in a nation |
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Individualism vs Collectivism |
system that focus on primary of collected goods for society vs for an individual |
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Democratic vs Totalitarianism |
Gov'd by people vs by 1 person |
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4 Legal Systems of World |
Common Law, Civil Law, Theocratic Law, Contract Law |
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Common Law |
Based on tradition, precedent (cases prior), and custom (specific to each case) |
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Civil Law |
Based on set of laws and codes |
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Theocratic Law |
Religious teachings ex: Islam (moral over commercial) |
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Contract Law |
law gov'd by contract enforcement |
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GNI |
Gross National Income, measure of economic development |
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PPP |
Purchasing Power Parity, adj of GNI per cost of living |
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HDI |
Human Development Index, quality of life in diff nations |
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Who is Amartya Sen |
believed economy should be assessed less by GNI but more on social opportunities, influenced HDI |
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Deregulation |
removing legal restrictions to free play of markets, private enterprise and manner of operation |
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privatization |
transfer of ownership from state to individuals |
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values vs norms |
group ideas believed to be good vs social rules and guidelines that are acceptable |
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Caste System |
closed form of social stratification |
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2 types of norms |
Mores- Norms widely observed, functions of society Folkways- Routine conventions |
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Tragedy of Commons |
Resource held in common but owned by 1 |
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Human Rights |
Rights taken for granted |
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Ethical Dilemma |
situations in which non of available situation seem acceptable |
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social strata |
societies that are stratified on a hierarchical basis |
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Utilitarian vs kantian ethics |
maximize good minimize harm/as much benefit for most amount of people for most amount of happiness vs people has rights/are not machine |
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OECD |
Foreign Corrupt Practices Act, cant take bribes amended to be allow to give "speed" money |
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6 Determinants of Un-Ethical Behavior |
Decision Making Processes, Org Culture, Unrealistic Performance Goals, Leadership, Societal Culture |
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Straw Men |
either deny value of business ethics or apply concept in unsatisfactory way |
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Types of Straw Men |
Friedman Doctrine (resp to shareholders), Cultural Relativism (Culture decide;in Rome), Righteous Moralist (thinking your best), Naive Immoralist (if host doesn't why should i) |
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Right Theories |
Human rights |
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Justice Theories |
Distribution of economic goods and services |
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Corporate Social Responsibility |
responsibility owed to society by company |
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Sustainability |
organization action that leaves planet in better state |
