By John Plender

The capitalist version used to be constructed within the nineteenth century and up to date occasions have proven the problems of adapting this to the calls for of the twenty first century, within which human and social capital are of a long way higher significance than actual capital. In Going off the Rails, John Plender indicates how company scandals, inflated boardroom pay, company governance disciplines and outdated accountancy conventions have stretched the Anglo-American version to its restrict and what the consequences of this could be on globalisation and the capital markets.

Show description

Read Online or Download Going off the Rails: Global Capital and the Crisis of Legitimacy PDF

Similar business ethics books

Download PDF by Steven R. Barth, Aspatore Books Staff: Corporate Ethics: The Business Code of Conduct for Ethical

By no means has moral enterprise behavior got as a lot awareness and concentration because it does at this time, within the wake of the far-reaching monetary and societal results of the dramatic collapses that experience thundered via company the USA. no matter if your organization is deepest, publicly-held, works with the govt - both contractually or via direct law - the institution, conversation and enforcement of a accomplished set of moral ideas for enterprise behavior inside your company is key for carrying out company now, and into the longer term.

Charles C. Manz, Kim S. Cameron, Karen P. Manz, Robert D.'s The Virtuous Organization: Insights from Some of the PDF

This e-book specializes in a brand new and rising, but as previous as recorded historical past, organizational crisis: advantage. advantage has lately turn into an issue of significant exam between organizational researchers and revolutionary businesses who're exploring their function in growing new, extra holistic, fit, and humane paintings environments.

Business and Human Rights - download pdf or read online

The human rights concerns have lengthy performed a massive position within the ideas of, and the jobs performed via, organisations world wide. This e-book makes a speciality of those concerns from either theoretical and functional views. The authors study the character of and the bounds of human rights duties of commercial.

Making a Difference Through Marketing: A Quest for Diverse by Carolin Plewa, Jodie Conduit PDF

This e-book honours the contribution Professor Pascale Quester has made to academia and better schooling, via her study, educating, and management. It offers readers with a finished, modern point of view on advertising perform with an emphasis at the position of promoting in creating a distinction.

Extra resources for Going off the Rails: Global Capital and the Crisis of Legitimacy

Sample text

The west greeted the collapse of communism – though it was itself a western utopian ideology – as the triumph of western values. The end of the most catastrophic utopian experiment in history was welcomed as a historic opportunity to launch yet another vast utopian project – a global free market. The world was to be made over in an image of western modernity – an image deformed by a market ideology that was as far removed from any human reality as Marxism had been. Now, after the attacks on New York and Washington, the conventional view of globalisation as an irresistible historical trend has been shattered.

17 On this view the problems of the emerging market economies are their own fault. To win back foreign capital what they have to do is to provide stable politics, a legal system that strongly underpins property rights, sound fiscal and monetary policies and increased official reserves to provide a buffer for the currency against outflows of foreign capital. Once nations meet what Greenspan calls ‘‘the market test’’ they will no longer need to put up ‘‘collateral’’ in the form of outsized official reserves to certify their financial prudence.

And its politicians, business leaders and investment bankers display blatant double standards in peddling a version of the model abroad that is notably harsher than the one that they tolerate back at home. Part of the argument of this book is that the resulting gap between rhetoric and reality has become so wide that politicians around the world will baulk at the idea of convergence on the Anglo-American model. Globalization has enormous potential to improve living standards in both the developed and the developing worlds.

Download PDF sample

Rated 4.48 of 5 – based on 36 votes