When Ethics are Compromised by Ideology: The Global Competitiveness Report
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The Global Competitiveness Report raises ethical issues on multiple levels. The traditional high ranking accorded the US is largely attributable to fallacies, poor science and ideology. The ideological bias finds expression in two ways: the inclusion of indices that do not provide competitive advantage, but that fit the Anglo/US ideology; and the exclusion of indices that are known to offer competitive advantage, but that do not fit the Anglo/US ideology. This flaw is compounded by methodological problems that raise further doubt as to the reliability and validity of the survey results. The resultant false high ranking of the US, a strong proponent of Anglo/US capitalism, pseudo-legitimizes the propensity of US-dominated institutions and entities to persuade, coerce and, in the worst-case force other countries and their constituents to adopt Anglo/US practices and behaviours. This is ethically reprehensible because research shows that these practices and behaviours, when compared with other approaches, are sub-optimal in the results they produce for individuals, corporations and nations. The report also unjustly and unnecessarily stigmatizes entire groups of countries with little conceivable benefit to anyone. Given the report’s gravitas through the profound global influence it exerts on the decisions of top government and business leaders, these are serious ethical and economic issues.
KeywordsCompetitiveness Corporate social responsibility Ethics Ideology National rankings Organizational performance Research methodology
Arms-length contractual relations
Bayerische Motoren Werke
Chief executive officer
Corporate social responsibility
Deutscher Aktien Index (German stock market index)
Global competitiveness report
Gross domestic product
Global financial crisis
International Monetary Fund
Obligational contractual relations
Organisation for Economic Co-operation and Development
Research and Development
Standard & Poor’s
World Economic Forum
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