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The Third World, Growth and Resources

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Ethical Economics
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Abstract

Businessmen are often castigated for being too little concerned about the Third World, and for being committed to unsustainable growth at the cost of the environment, and missing out on the great goods of life. These criticisms are often captious, and therefore ignored. But businessmen do have to deal with the Third World on occasion, and as citizens may have to vote; and although often there is not much to be done, it is important to have a clear mind about the implications of economic activity, if only to avoid being made to feel guilty, and to prevent potential recruits being put off from business life.

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Notes

  1. See D.A. Hay, Economics today, Leicester, 1989, ch.7, §3, esp. p. 260 and sources cited in fn.31. For a different form of protectionism, see above, ch.9, §9.4. For protectionism under guise of high-mindedness, see Samuel Brittan, Capitalism with a Human Face , Aldershot, 1995, p.222.

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  2. E.Auterio and V.Tesio, “The Internationalisation of management in Fiat”, The Journal of Management Development , vol.9 no.6, 1980.

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  3. K.A.Barham and S.Wills, “Management across Frontiers”, Ashridge Research Group , 1992.

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  4. J. Graverau, “Japanese Management”, The Financial Times Handbook of Management , ed. Stuart Crainer, 1995. See further an Indian example from F.G.Bailey’s Stratagems and Spoils, quoted in ch.12, §12.3.(p.194 of Dec 95)

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  5. See, for example, Geoff Winestock, “Strong Arms and the Law”, Business Russia , Economist Intelligence Unit, London, July 1995, vol.1, no.4, p.1.

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  6. See more fully, E.J. Mishan, The Costs of Economic Growth, Staples Press, 1967; F.J. Hirsch, Social Limits to Growth, London, 1970; and D.A. Hay, Economics today, Leicester, 1989, ch.8, §2.

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  7. F.J. Hirsch, Social Limits to Growth, London, 1970;

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  8. see also D.A. Hay, Economics today, Leicester, 1989, pp.289–293.

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  9. See D.A. Hay, Economics today, Leicester, 1989, ch.8, §2.

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© 1996 M. R. Griffiths and J. R. Lucas

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Griffiths, M.R., Lucas, J.R. (1996). The Third World, Growth and Resources. In: Ethical Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9780230389953_11

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