Making Globalization Good: The Moral Challenges of Global Capitalism

Gordon Brown, Jonathan Sacks, Joseph Stiglitz, Hans Kung, Shirley Williams, and a dozen other leading thinkers in international business and ethics identify the pressing moral issues which global capitalism must answer.How can we develop a global economic architecture which is efficient, morally acceptable, geographically inclusive, and sustainable over time?If global capitalism -- arguably the most efficient wealth creating system currently known to man -- is to be both economically viable and socially acceptable, each of its four constituent institutions (markets, governments, supranational agencies, and civil society) must not only be technically competent, but also be buttressed and challenged by a strong moral ethos.The book includes contributions from leading academics, politicians, and moralists. Recognizing that solutions will not come from any one quarter, and that any serious discussion of a just and equitable system will touch on questions of ethics and faith, the book approaches the issues from a range of different disciplines and forums.

Table of Contents:
John H. Dunning: Introduction 1: John H. Dunning: The Moral Imperatives of Global Capitalism: An overview 2: Deepak Lal: Private Morality and Capitalism: Learning from the past 3: Alan Hamlin: Institutions and Morality: An economist's appraisal 4: Joseph Stiglitz: Towards a New Paradigm of Development 5: Jack N. Behrman: Transformation of Society: Implications for globalization 6: Shirley Williams: Global Social Justice: The moral responsibilities of the rich to the poor 7: Hans Küng: The Ethical Framework of the Global Market Economy 8: Brian Griffiths: The Challenge of Global Capitalism: A Christian perspective 9: Khurshid Ahmad: The Challenge of Global Capitalism: An Islamic perspective 10: Jonathan Sacks: Global Convenant: A Jewish perspective on globalization 11: David R. Loy: The Challenge of Global Capitalism: The perspective of eastern religions 12: Michael Novak: A Universal Culture of Human Rights and Freedom's Habits: Caritapolis 13: Richard Falk: On the Political Relevance of Global Civil Society 14: Robert Davies: [to be confirmed] 15: Gordon Brown: Governments and Supranational Agencies 16: John H. Dunning: Conclusion

About the Author :
Professor Dunning is Emeritus Professor of International Business at the University of Reading, and State of New Jersey Professor of International Business at Rutgers University, New Jersey. He has been researching into the economics of international direct investment and the multinational enterprise since the 1950s, and has authored, co-authored, or edited numerous books on this subject and on industrial and regional economics.

Review :
`Review from previous edition ... this is an eminently sane book written by sensible observers.' Times Higher Education Supplement `This book provides compelling arguments and practical solutions to one of the most important questions of our time: How do markets and society relate to each other and how can the moral challenge of global capitalism be met? The rich ideas presented are of great relevance to policy makers and practitioners alike.' Georg Kell, Executive Head,Global Compact,Office of the Secretary General United Nations `In the opinion of the majority of the world's population global capitalism is under judgement. This timely and very important book addresses the moral questions that demand answers and should be required reading for all business leaders, politicians and all who long for a better world.' Lord Carey of Clifton `This book explores one of most fundamental questions of our time - the relationship between business and society and its moral underpinning. The arguments made are powerful and important for policy makers, business people and scholars alike. Clearly, the book fills an important void in discussions about globalization and gives valuable perspectives and practical solutions towards a more responsible global capitalism.' Georg Kell, Executive Head Global Compact Office of the Secretary General United Nations `Only an eminent scholar like John Dunning could have brought together such a group of prestigious authors to discuss the moral and ethical challenges of global capitalism. This first fundamental attempt to explore the issues of morality in the context of globalization from different angles is a timely and significant contribution that should be compulsory reading both for the protagonists and the opponents of gloablization.' International Business Review `The moral architecture of global capitalism is imperfect. The strength of the volume lies in the link made between ethics and globalizing capitalism with discussion of alternative approaches for action to promote a more effective and influential ecumenical dialogue. Each of the arguments presented in the sixteen chapters is well developed, documented, and spot-on target.' Transnational Corporations