Business in Eastern Europe

Paper Summary:

This paper analyzes the role of ethics in the international business of Eastern Europe (EE) by analyzing the transition from communism to capitalism, the effects of the EE business ethics culture on foreign investment, and how international reforms affected individuals and the management of international business in EE. The paper also examines a study of the insurance industry in Central and Eastern European (CEE) countries on how to best install ethical values in a transitional society and determine whether the issues would diminish once privatization and regulation matured. In the years since the fall of communism, corruption and ethics have been a problem and EE countries continue to lag behind the rest of the world, the author acknowledges.

Table of Contents:
Communism to Capitalism
Insurance as a Representative Industry
Corruption in Eastern Europe
International Ethics Reforms
United Nations' View on Ethics
Conclusion

From the Paper:

"The main conclusion made by Cooper and Dorfman came in comparing the results of their survey to the origins of unethical business in CEE. Bohata concluded that there are three main sources of unethical behavior; those attributed to the communist heritage, those associated with new transitional opportunities, and lastly those that are related to the market system itself. Bohata claims that it is critical for a manager to understand the foundations of such behavior and correct it based upon which of the three categories it falls under."

Sample of Sources Used:

• Argandona, A.: 2007, "The United Nations Convention Against Corruption and its Impact on International Companies", Journal of Business Ethics, 74(4), 481-496.
• Asgary, N., & Mitschow, M.: 2002, "Toward a model for international business ethics", Journal of Business Ethics, 36(3), 239-46.
• Bohata, M.: 1997, "Business Ethics in Central and Eastern Europe with Special Focus on the Czech Republic", Journal of Business Ethics 15, 1571-1577.
• Cooper, R.W. and M. S. Dorfman: 2003, "Business and Professional Ethics in Transitional Economies and Beyond: Considerations for the Insurance Industries of Poland, the Czech Republic, and Hungary", Journal of Business Ethics 47, 381-392.
• Gottingen Unversity and Transparency International, 1998. The corruptions perception index (1998). Retrieved April 19, 2009, from Transparency International Web site: http://www.transparency.org/policy_research/surveys_indices/cpi/previous_cpi__1/1998

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