RT Article
T1 ETHICS AND GLOBAL FINANCE
JF Journal of Dharma
VO 38
IS 2
SP 181
OP 194
A1 George, Anju
LA English
PB Dharmaram College
YR 2013
UL https://www.ixtheo.de/Record/1837808325
AB The globalized era of twenty-first century is witnessing a drastic decline in moral and ethical standards in all spheres of life, including economics. This deterioration in moral standards is all pervasive and has assumed a cross-national and multi-disciplinary character. The article ‘Ethics and Global Finance’ is an analysis of our financial system in the backdrop of the recent economic crisis. Going beyond the economic dimensions, an earnest attempt has been made to bring out the reasons that emanated from the failing moral and ethical standards that finally culminated in the Great Economic Crisis of 2007-2008. It analyzes why unlike the other sectors of the economy, a deterioration of ethical behaviour in our financial transactions has to be viewed with much more vigilance. There are certain suggestive measures added towards the end of the article to improve the present financial scenario.
K1 financial sector
K1 free-market ideology
K1 fundamental reboot
K1 Money Laundering
K1 shadow banking
K1 Social Contract