MindMap Gallery Integrating Ethics into Economic, Political, and Legal Systems for Holistic Governance

Integrating Ethics into Economic, Political, and Legal Systems for Holistic Governance

Delve into the intricate interplay of economic, political, and legal systems underpinned by ethical considerations. Our comprehensive overview examines how command economies differ from market systems and how both can impact social constructs. It highlights the importance of integrating ethical frameworks into political ideologies, from communism to democracy, ensuring policies reflect societal values. Legal structures, whether based on common law, civil law, or religious teachings, are dissected to showcase their role in maintaining order and justice. Intellectual property, product safety, and the resolution of international conflicts stand as pivotal issues within legal systems. The guide also tackles the crux of ethical behavior in business, addressing moral obligations, human rights, environmental concerns, and the drive towards responsible corporate governance. It is an invaluable resource for understanding how governance is shaped by the convergence of these systems, each with its distinct mechanisms but united by a common ethical directive.

Edited at 2022-02-26 15:41:44

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Integrating Ethics into Economic, Political, and Legal Systems for Holistic Governance

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Outline

IHW1

Ethics

Business ethics

The accepted principles of right or wronggoverning the conduct of businesspeople

Ethical strategy

A strategy, or course of action, that doesnot violate these accepted principles.

Ethical issues in international business

Employment practices

Human rights

Environmental pollution

Corruption

Moral obligations

Ethical dilemmas

are situations in which none of the availablealternatives seems ethically acceptable.

Roots of unethical behavior

Personal ethics,

The generally accepted principles of right and wrong governing the conduct of individuals.

Decision-making processes

Organization culture

The values and norms that employees of an organization share.

Unrealistic performance expectations

Cutting corners or acting in an unethical manner.

Leadership

Help to establish the culture of an organization and set the example that others follow.

Straw men

Friedman doctrine

Cultural relativism

Righteous moralist

Naive immoralist

Utilitarian and Kantian approaches

Rights theories

Human beings have fundamental rights andprivileges that transcend national boundaries and cultures.

Justice theories

Focus on the attainment of a just distributionof economic goods and services.

Legal Systems

The manner in which businesstransactions are to be executed

The rights and obligations of thoseinvolved in business transactions

Three main types of legal systems

Common law

Based on tradition,precedent, and custom.

Civil Law

Based on a detailed set of lawsorganizedinto codes

Theocratic Law

Based on religious teachings

Differences in contract law

Common law tend to be very detailedwith all contingencies spelled out.

Civil law covered in a civil code.

Three conflicts exists between nations

Property rights and corruption

Legal rights over the use to which a resource is put and over the use made of any income that may be derived from that resource.

Public action

Private action and corruption

Intellectual property

Property that is the product of intellectual activity

Patents

Copyrights

Trademarks

Product safety laws and product liability

Political Systems

Collectivism

Stresses the needs of society as a whole

Socialism

Communists

Social democrats

Individualism

Stresses that the interests of the individualshould have freedom in economic and political

Democracy

Refers to a political system in which governmentis by the people

Totalitarianism

Refers to a system in which all the constitutional guaranteesare denied to the citizens.

Four major forms of totalitarianism

Communist totalitarianism.

Theocratic totalitarianism.

Tribal totalitarianism.

Right-wing totalitarianism.

Economic Systems

Mixed economy

Both free market mechanisms and government planning.

Command economy

All productive activities are publicly owned

Market economy

All productive activities are privately owned