China and Ethics

In: Business and Management

Submitted By nicry
Words 1098
Pages 5
1. Comment on three unethical practices that china has been accused, do you think that these practices were necessary for china’s economic survival?

China has been accused of various unethical practices in a host of industries. Overall, Chinese business ethics are built on the basis of "guanxi," a fundamental principle and practice underlying the whole of the Chinese social fabric. Guanxi places relationships and the moral obligations flowing from those relationships above other considerations, including written law. It not only is accepted in China, it is regarded as a moral obligation that people who have known each other for an extended period of time and have collaborated and helped each other are obligated to continue this relationship. Guanxi defines both how business is done in China at all levels and how the Chinese view ethics.
Corruption and Bribery – In Transparency International’s (TI) Corruption Perception Index 2011, China is ranked 75th out of 185 countries. This has been a consistent score since 2008. The TI Global Corruption Barometer 2010/2011 found that 46% of the 1,000 Chinese respondents felt that the level of corruption in the Country had increased and just over a third considered the Government’s actions ineffective in combating corruption. When respondents were asked “To what extent do you perceive the following institutions in this country to be affected by corruption?”, business was seen as the most corrupt institution, closely followed by political bodies and public officials. Whilst bribery is highly prevalent in all sectors in China, it is particularly common in sectors such as construction (driven by rapid economic development and massive urban expansion and the high number of government-funded construction projects), the extractive industry and textile manufacturing (falsification of factory audits is common). Other recent…...

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