Abstract
Purpose: The purpose of this article is to explain why India has experienced obstacles in
regards to ethical trade. These obstacles lead to failures in trade with the West. This
article explains how ethics are connected to culture, just as in laws and regulations.
Design/Methodology/Approach: Based on literature reviews which show that India did
indeed desire to trade with the West, but this lack of business ethics stunted its economic
growth.
Originality/Value: Ethical guidance that is in accordance to standards of global trade is
imperative in India. This must be addressed not only in the academic sphere but also to
the masses, the producers, and the importers. India has a magnificent tradition, which
must be renewed in areas of ethics concerning business trade and should be reformed in
accordance with the West.
Keywords: India; Globalization; Ethics; Tradition; Business; Economic development
regards to ethical trade. These obstacles lead to failures in trade with the West. This
article explains how ethics are connected to culture, just as in laws and regulations.
Design/Methodology/Approach: Based on literature reviews which show that India did
indeed desire to trade with the West, but this lack of business ethics stunted its economic
growth.
Originality/Value: Ethical guidance that is in accordance to standards of global trade is
imperative in India. This must be addressed not only in the academic sphere but also to
the masses, the producers, and the importers. India has a magnificent tradition, which
must be renewed in areas of ethics concerning business trade and should be reformed in
accordance with the West.
Keywords: India; Globalization; Ethics; Tradition; Business; Economic development
| Original language | English |
|---|---|
| Pages (from-to) | 105-111 |
| Journal | Mustang journal of business and ethics |
| Volume | 5 |
| State | Published - 2013 |
