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The Caux Round Table Principles: A Solution For The International Economic And Social Crisis?

Author

Listed:
  • Petru BARDAS

    () (Spiru Haret University, Bucharest, Romania)

  • Simona ROTARU

    () (Spiru Haret University, Bucharest, Romania)

  • Mirela GHITA

    () (Spiru Haret University, Bucharest, Romania)

  • Mihaela COCOSILA

    () (Spiru Haret University, Bucharest, Romania)

Abstract

In an European and international economy, seized by the perpetual globalization fever, with an appetite for consumption, a culture was born, one of “the adolescentism” that stimulates greed, where the contemporary man is determined by the will of possession, not ideals, aculture that has contaminated the whole world. Greed is responsible for the economic power excesses; the immoral actions of Enron and WorldCom, other abuses from the speculative investments area and also the increased poverty in important areas of Africa, Asia and Latin America are sources of powerful social agitations. This has led to the need of changing the governmental principles of the “wild capitalism” theorized by Andrew Carnegie and ErbertSpencer, with principles of a moral capitalism, based on the Caux Round Table governmental principles, that remained since its publication, nine years ago, the only set of standards of corporation social responsibility, proposed by leaders from the entire spectrum of business leaders.

Suggested Citation

  • Petru BARDAS & Simona ROTARU & Mirela GHITA & Mihaela COCOSILA, 2013. "The Caux Round Table Principles: A Solution For The International Economic And Social Crisis?," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 17(1), pages 172-178, MAI.
  • Handle: RePEc:fmb:journl:v:17:y:2013:i:1:p:172-178
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    References listed on IDEAS

    as
    1. Scherrer-Rathje, Maike & Boyle, Todd A. & Deflorin, Patricia, 2009. "Lean, take two! Reflections from the second attempt at lean implementation," Business Horizons, Elsevier, vol. 52(1), pages 79-88.
    2. Wallace J. Hopp & Mark L. Spearman, 2004. "To Pull or Not to Pull: What Is the Question?," Manufacturing & Service Operations Management, INFORMS, vol. 6(2), pages 133-148, August.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    the social darvinism; the wild capitalism; the popular capitalism; the principes of the caux round table;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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