IDEAS home Printed from https://ideas.repec.org/a/sae/anname/v603y2006i1p262-268.html
   My bibliography  Save this article

Global Business: Oversight without Inhibiting Enterprise

Author

Listed:
  • John Philip Jones

    (Newhouse School at Syracuse University)

Abstract

This article is focused on the role of international business in wealth creation. It discusses the issue of what regulations should be imposed, country by country, to encourage legal and ethical conduct by international firms. In a libertarian view, many excesses are selfcorrecting because businesses wish to operate in individual countries on a long-term basis. Serious abuses are rare but take place nonetheless, sometimes with disastrous consequences. The only effective way to control abuses is through tighter scrutiny of foreign direct investment (FDI) at a local level. Abuses affect individual countries and must therefore be policed in those countries, despite sometimes endemic corruption. Local politicians and bureaucrats—who issue FDI licenses—must be motivated by concern for public welfare and nothing else.

Suggested Citation

  • John Philip Jones, 2006. "Global Business: Oversight without Inhibiting Enterprise," The ANNALS of the American Academy of Political and Social Science, , vol. 603(1), pages 262-268, January.
    • Handle: RePEc:sae:anname:v:603:y:2006:i:1:p:262-268
    DOI: 10.1177/0002716205282264
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0002716205282264
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0002716205282264?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:anname:v:603:y:2006:i:1:p:262-268. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.