Advancing Global Business Ethics in China: Reducing Poverty Through Human and Social Welfare

Advancing Global Business Ethics in China: Reducing Poverty Through Human and Social Welfare

Ruth Wolf, Monica Thiel
Copyright: © 2018 |Pages: 18
DOI: 10.4018/978-1-5225-3117-3.ch004
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Abstract

This chapter presents China's global business outlook within an analysis of Corporate Social Responsibility (CSR) to reduce poverty through human welfare improvement. The chapter examines human rights within China's social, environmental, and economic resources domestically and globally. Although China's economic acceleration has been substantial, its inability to consistently observe and enforce international human rights laws and norms detracts from its economic success. This is not something that China can easily achieve due to challenges of social instability and increasing demographic problems stemming from a large population with diverse needs. The authors suggest ways to enhance human rights conduct according to the UN Guiding Principles in China and in other countries through responsible management education.
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China’S Socio-Ethical Evaluation

According to data provided by the American Congressional Research Service, China’s real Gross Domestic Product (GDP) grew at an average annual rate of approximately 8% from 2006 to 2015 (American Congressional Research Service, 2015). Moreover, China is now one of the world’s largest economies (The World Bank GDP) for manufacturing, merchandise exporters and importers, and holders of foreign exchange reserves. This growth brings policies that struggle to achieve a world economic status that does not fit with the growing and developing countries when it comes to social policies and the welfare of the population (Bader and Daxecker, 2015). For example, the news media reports on crimes that not only deal with growing ethnic groups and religious groups in China, but also with the basic human rights of civilians and Chinese workers (Chan, 2010, 2012). According to the British Broadcasting Corporation (BBC) News, human rights are declining and are degrading personal freedom in China, despite the government’s efforts to promote greater human rights (Ruz, 2015).

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