Weaning Business Ethics from Strategic Economism: The Development Ethics Perspective

Prabhir Poruthiyil ()

Journal of Business Ethics, 2013, vol. 116, issue 4, 735-749

Abstract: For more than three decades, business ethics has suggested and evaluated strategies for multinationals to address abject deprivations and weak regulatory institutions in developing countries. Critical appraisals, internal and external, have observed these concerns being severely constrained by the overwhelming prioritization of economic values, i.e., economism. Recent contributions to business ethics stress a re-imagination of the field wherein economic goals are downgraded and more attention given to redistribution of wealth and well-being of the weaker individuals and groups. Development ethics, a lesser known field of normative enquiry, already offers nuanced justifications against economism which business ethicists can use in their current attempts to wean the field from old habits. Copyright Springer Science+Business Media Dordrecht 2013

Keywords: Strategy; Economism; Poverty; Basic needs; Development ethics; Human dignity (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/s10551-013-1818-8

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