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Wealth Creation in China and Some Lessons for Development Ethics

Corporate Responsibility and Sustainability

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Abstract

In the last 30 years, China has experienced an astounding economic development that calls for a differentiated understanding of this complex process of wealth creation. In the first section of this article, I present a new concept of wealth creation that goes beyond making money, maximizing profit and adding value and serves as a framework to address the article’s main topic. In the second section, I investigate in what ways and to what extent this new concept might apply to China’s economic reform and development, particularly in the 1980s and 1990s. In the third section, I attempt to draw a couple of lessons for development ethics in general.

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Correspondence to Georges Enderle.

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Enderle, G. Wealth Creation in China and Some Lessons for Development Ethics. J Bus Ethics 96, 1–15 (2010). https://doi.org/10.1007/s10551-010-0453-x

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