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4 - Ethical business behavior and sustainable peace

Published online by Cambridge University Press:  22 September 2009

Timothy L. Fort
Affiliation:
University of Michigan, Ann Arbor
Cindy A. Schipani
Affiliation:
University of Michigan, Ann Arbor
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Summary

The gist of the argument that there is a plausible, conceptual relationship among the roles of business, business ethics, and sustainable peace is that multinational corporations can contribute to reduction of violence. Given the challenges confronting the process of globalization, particularly as they apply to business, corporations have the potential to play an important role in contributing to the conditions of sustainable peace. As previously mentioned in chapter 1, business can do this by:

  1. fostering economic development, particularly for the marginalized;

  2. exercising track two diplomacy;

  3. adopting external evaluation principles, such as transparency and supporting a legal system that enforces those principles, i.e. a “rule of law;” and

  4. nourishing a sense of community both within the company and in the areas in which the company is located.

The purpose of this chapter is to sketch this model conceptually and illustrate the themes by the actions of specific companies.

Corporate governance regimes, attentive to the comparative concerns already raised, can integrate these characteristics in culturally appropriate ways. Because the issues involved in this book and particularly in this chapter revolve around assessments of the moral responsibilities of business, Section I assesses the concept of businesses contributing to sustainable peace from the perspective of leading theories from the field of business ethics. Section II discusses the four contributions companies can and already do make toward sustainable peace.

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Publisher: Cambridge University Press
Print publication year: 2004

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