Business, Governance, and Professional Ethics

Since the debacle of the crisis, economist and policymakers have given much belated attention to institutional development and, in particular, the issue of good governance. This paper argues that in governance reform, basic ethics must be agreed upon as norms of behavior before rules of behavior (i....

Full description

Bibliographic Details
Main Author: Perpustakaan UGM, i-lib
Format: Article
Published: [Yogyakarta] : Universitas Gadjah Mada 2000
Subjects:
_version_ 1797017929933389824
author Perpustakaan UGM, i-lib
author_facet Perpustakaan UGM, i-lib
author_sort Perpustakaan UGM, i-lib
collection UGM
description Since the debacle of the crisis, economist and policymakers have given much belated attention to institutional development and, in particular, the issue of good governance. This paper argues that in governance reform, basic ethics must be agreed upon as norms of behavior before rules of behavior (i.e. institution) can be established and enforced. Good behavior applies generally only if it is enforced by informal group sanctions. The crisis of professionalism and ethics and the alienation of the SinoIndonesian business elite after the May 1998 riots were contributing to the meltdown of the modern business sector. This paper argues that these two massive problems are potentially soluble. A national debate about professionalism and business ethics would be a means not only to lay foundations for good governance within business and between business and govern.- merit but also to renegotiate the social contract between pri and non-pri Indonesians. This paper sets up the problem by briefly reviewing the nature and cause of the present 'strike by capital' in Indonesia, making comparison with the capital strike of the 1950s and 1960s, then examines the impact in terms of de-globalization, and discusses the opportunity cost of the exodus of Sino-Indonesian.
first_indexed 2024-03-05T22:54:34Z
format Article
id oai:generic.eprints.org:18981
institution Universiti Gadjah Mada
last_indexed 2024-03-13T18:36:27Z
publishDate 2000
publisher [Yogyakarta] : Universitas Gadjah Mada
record_format dspace
spelling oai:generic.eprints.org:189812014-06-18T00:33:40Z https://repository.ugm.ac.id/18981/ Business, Governance, and Professional Ethics Perpustakaan UGM, i-lib Jurnal i-lib UGM Since the debacle of the crisis, economist and policymakers have given much belated attention to institutional development and, in particular, the issue of good governance. This paper argues that in governance reform, basic ethics must be agreed upon as norms of behavior before rules of behavior (i.e. institution) can be established and enforced. Good behavior applies generally only if it is enforced by informal group sanctions. The crisis of professionalism and ethics and the alienation of the SinoIndonesian business elite after the May 1998 riots were contributing to the meltdown of the modern business sector. This paper argues that these two massive problems are potentially soluble. A national debate about professionalism and business ethics would be a means not only to lay foundations for good governance within business and between business and govern.- merit but also to renegotiate the social contract between pri and non-pri Indonesians. This paper sets up the problem by briefly reviewing the nature and cause of the present 'strike by capital' in Indonesia, making comparison with the capital strike of the 1950s and 1960s, then examines the impact in terms of de-globalization, and discusses the opportunity cost of the exodus of Sino-Indonesian. [Yogyakarta] : Universitas Gadjah Mada 2000 Article NonPeerReviewed Perpustakaan UGM, i-lib (2000) Business, Governance, and Professional Ethics. Jurnal i-lib UGM. http://i-lib.ugm.ac.id/jurnal/download.php?dataId=1803
spellingShingle Jurnal i-lib UGM
Perpustakaan UGM, i-lib
Business, Governance, and Professional Ethics
title Business, Governance, and Professional Ethics
title_full Business, Governance, and Professional Ethics
title_fullStr Business, Governance, and Professional Ethics
title_full_unstemmed Business, Governance, and Professional Ethics
title_short Business, Governance, and Professional Ethics
title_sort business governance and professional ethics
topic Jurnal i-lib UGM
work_keys_str_mv AT perpustakaanugmilib businessgovernanceandprofessionalethics