Read the journal article titled: Differences in business ethical values
A Study of Differences in Business Ethical Values in Mainland China, the U.S. and Jamaica by:
Lillian Y. Fok, University of New Orleans
Sandra J. Hartman, University of New Orleans
Kern Kwong, California State University, Los Angeles
On the basis of the information provided above, respond to the following questions:
Given the current pressures on China, Jamaica, and America expressed in the article, how would ethics play a role in decision making for financial, environmental, and cultural issues?
1) How are the concepts of positive and normative economics reflected in this context?
2) How do market efficiency, economizing, and the market system affect these ethical issues?