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A manifesto outlining a new ‘economic ethic’ has been launched by the United Nations and public figures from NGOs across the world.
The document, detailing ‘basic values’ in need of retrenching after the economic crisis, boasts Archbishop Desmond Tutu, director of the Earth Institute Jeffrey Sachs, and president of the Global Ethic Foundation Hans Kung among its initial signatories.
Among the manifesto’s demands are calls for justice, honesty, non-violence and solidarity in economic dealings. It begins: ‘For the globalization of economic activity to lead to universal and sustainable prosperity, all those who either take part in or are affected by economic activities are dependent on a values-based commercial exchange and cooperation.
‘Further, fair commercial exchange and co-operation will only achieve sustainable societal goals when people’s activities to realize their legitimate private interests and prosperity are imbedded in a global ethical framework that enjoys broad acceptance.’
The proposed ‘ethic of doing business’, in addition to broad suggestions on the need for increased transparency and economic co-operation, places particular stress on the importance of the Declaration of Human Rights and, to a lesser extent, other global and universal guidelines.
The document, detailing ‘basic values’ in need of retrenching after the economic crisis, boasts Archbishop Desmond Tutu, director of the Earth Institute Jeffrey Sachs, and president of the Global Ethic Foundation Hans Kung among its initial signatories.
Among the manifesto’s demands are calls for justice, honesty, non-violence and solidarity in economic dealings. It begins: ‘For the globalization of economic activity to lead to universal and sustainable prosperity, all those who either take part in or are affected by economic activities are dependent on a values-based commercial exchange and cooperation.
‘Further, fair commercial exchange and co-operation will only achieve sustainable societal goals when people’s activities to realize their legitimate private interests and prosperity are imbedded in a global ethical framework that enjoys broad acceptance.’
The proposed ‘ethic of doing business’, in addition to broad suggestions on the need for increased transparency and economic co-operation, places particular stress on the importance of the Declaration of Human Rights and, to a lesser extent, other global and universal guidelines.
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