The ethical wealth of nations

Journal of Business Ethics 31 (1):25 - 36 (2001)
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Abstract

Michael Porter argues that some nations manifest a competitive advantage deriving from key elements of their economic structure. Some nations are thus disposed by structure to possess what Porter calls a "competitive advantage of nations" (Porter, 1990). In this paper I examine the prospect of an ethical advantage of nations, and in particular, of a set of advantages that extend far beyond the simple dimension of trust so often discussed. I consider, further, how such a range of ethical features would be structured, and what the implications of those features would be. Three conclusions are reached: 1. Morality may create economic advantages for nations in ways that extend beyond the notion of an idealized market; 2. In order for ethics to drive economic advantage, ethical concepts must rise to the status of intrinsic value; and 3. If claims for national ethical success factors are true, then nations should attend to the issue of moral education.

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References found in this work

Morals by Agreement.David P. Gauthier - 1986 - Oxford University Press.
Capitalism and Freedom.Milton Friedman - 1962 - Ethics 74 (1):70-72.
Morals by Agreement.Richmond Campbell - 1988 - Philosophical Quarterly 38 (152):343-364.
Business Ethics in India.S. K. Chakraborty - 1997 - Journal of Business Ethics 16 (14):1529-1538.
Economics, Business Principles and Moral Sentiments.Amartya Sen - 1997 - Business Ethics Quarterly 7 (3):5-15.

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