It has been 25 years since China began the transition from a socialist based, command economy to a free market economy. The success of this conversion has required a modification in the mindset, the rules of the game, and in the ethical and social norms that guide and inform business decisions. Shortly before that time, Jamaica achieved independence from colonial control by Great Britain. The research presented in this paper continues the examination of the transition of the values and ethics that underlie business decisions in the U.S., China and Jamaica by revisiting a survey process begun 10 years ago. Five business scenarios calling for decision choices were given to Jamaican, Chinese and U.S. professionals. The differences and similarities between the choices of the three groups are compared in the current study and the results are compared to those derived in a previous study conducted 10 years ago. The current differences and similarities are discussed, as well as the changes in differences and similarities found a decade ago.
A Study of Differences in Business Ethical Values in Mainland China, the U.S. And Jamaica
IntroductionSignificant changes are occurring in many parts of what has been considered the "Third World." In this study we examine possible perceptual/ethical changes over a 10-year period in two very emerging countries, Jamaica and China, and consider how they compare to the U.S., a "developed" country. The contrasts are notable. In recent years in China, the rapid growth of the Chinese economy, the participation of China in the World Trade Organization and the significant involvement of Chinese firms in the global investment community indicates emergence into major power status. In Jamaica, after independence, there has been a continuing struggle to build the economy and the infrastructure and to emerge from colonial status. In China, there has been the need to reconci...