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Tackling grand challenges: reimagining a moral ecology of globalisation

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  • Peter Buckley

    (University of Manchester)

  • Peter Enderwick

Abstract

This paper argues the case for a morally superior globalisation designed to overcome some of the most striking limitations of recent global waves but retaining the economic power to address global challenges. There are three steps in reimagining a more acceptable globalisation: its primary focus; a corporate morality to ensure adherence to ethical practices; and the elimination of its negative externalities. For the first we suggest the adoption of the goal of elevating sustainable development to be the primary driver of globalisation. The second step involves acceptance of sacrifice by all agents: consumers, producers, governments, and investors, to widen humanity’s moral circle and value future generations as much as the present generation. The final stage involves a commitment by governments and multinational agencies to correct some of the obvious imperfections of globalisation while also ensuring its continuing operation. Our discussion represents a useful thought experiment and requires a significant change in thinking within those institutions charged with setting the “rules of the game” if we are to devise a fairer global system.

Suggested Citation

  • Peter Buckley & Peter Enderwick, 2025. "Tackling grand challenges: reimagining a moral ecology of globalisation," Asian Business & Management, Palgrave Macmillan, vol. 24(1), pages 33-54, February.
  • Handle: RePEc:pal:abaman:v:24:y:2025:i:1:d:10.1057_s41291-025-00294-9
    DOI: 10.1057/s41291-025-00294-9
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    References listed on IDEAS

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    1. Peter J. Buckley & Mark Casson, 2010. "The Moral Basis of Global Capitalism: Beyond the Eclectic Theory," Palgrave Macmillan Books, in: The Multinational Enterprise Revisited, chapter 9, pages 205-238, Palgrave Macmillan.
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    7. Franklin Allen & Elena Carletti & Robert Cull & Jun QJ Qian & Lemma Senbet & Patricio Valenzuela, 2021. "Improving Access to Banking: Evidence from Kenya [A matter of experience? Understanding the decline in group lending]," Review of Finance, European Finance Association, vol. 25(2), pages 403-447.
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    Cited by:

    1. Chie Iguchi & Axèle Giroud & Shasha Zhao & Si Zhang, 2025. "International Business and Sustainable Development in Asia: Opportunities and Challenges for Firms and Countries," Asian Business & Management, Palgrave Macmillan, vol. 24(1), pages 1-24, February.

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