The article analyzes the scope and depth of systemic differences between national economies in the modern world, focusing on the experience of Central Europe in the process of the enlargement of European Union. The core argument of the article is that the world needs not one model of development, but more diversity and more experimentation, encouraging entrepreneurship and institutional change. There is no one best model that can be implemented in any country, independent of its tradition and culture. Globalization as (...) well as integration is, beyond certain limits, harmful to future development. (shrink)

It is the individualistic approach which prevails in previous analysis of the problem of ethics in economy. The problem of the ethical attitude concerns individuals, business people, managers, politicians and economists. The publications about business ethics lack analysis of system circumstances in which individuals and companies act. If capitalism is just the power of capital owners over workers and if, according to Schumpeter, it is “the civilization of inequality and of the family fortune”, than it can be easily judged as (...) a system of predominantly unethical tendencies. Nevertheless, it is worth raising questions about ethical character of various types of capitalism. Participation capitalism is one which ensures (nearly) full employment, a social minimum wage for everyone and the real power of society including workers’ participation in decision processes. The structural conditions of such capitalism force and even encourage ethical behaviour. The capitalism of the protective state was founded by J.M. Keynes, W. Beveridge and Will Hutton with his stakeholder capitalism. Many European countries approach this standard of capitalism. Predacious capitalism (turbo-capitalism) is a maximum-profit-oriented capitalism with no regard to social costs. The nearest example is the post-Reagan American capitalism. Polish capitalism fails to pass muster even in regard to the liberal capitalism. (shrink)

The article analyzes the scope and depth of systemic differences between national economies in the modern world, focusing on the experience of Central Europe in the process of the enlargement of European Union. The core argument of the article is that the world needs not one model of development, but more diversity and more experimentation, encouraging entrepreneurship and institutional change. There is no one best model that can be implemented in any country, independent of its tradition and culture. Globalization as (...) well as integration is, beyond certain limits, harmful to future development. (shrink)