Chapter

An Ethical Framework for the Global Market Economy

Hans Küng

in Making Globalization Good

Published in print April 2003 | ISBN: 9780199257010
Published online November 2003 | e-ISBN: 9780191596223 | DOI: http://dx.doi.org/10.1093/0199257019.003.0007
 An Ethical Framework for the Global Market Economy

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In this chapter, the theologian Hans Küng looks at the various attempts to formulate an acceptable cross‐cultural (multicultural) global ethic, which might be used both as an end in itself, and a basis for the motives and conduct of the institutions that fashion global capitalism. Such an ethic (notably that proposed by Küng himself and the Parliament of the World's Religions) is designed to identify and promote an agreed set of core human values and behavioural standards as agreed by the leading faith traditions, but might also be endorsed by non‐religious persons and institutions. Küng is aware of the difficulties in identifying and practising a universally acceptable moral code, but he considers that not only is the idea of such a code gaining increasing support, but it is also undergirding and guiding the strategies and policies of many global institutions, particularly global businesses.

Keywords: behavioural standards; cross‐cultural ethics; ethics; global businesses; global capitalism; global ethic; global institutions; human values; moral code; morality; multicultural ethics; religion; standards; values

Chapter.  6144 words.  Illustrated.

Subjects: International Economics

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