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How democratization occurs has also been used to explain other political phenomena, such as whether a country goes to a war or whether its economy grows. [4] The opposite process is known as democratic backsliding or autocratization.
In the book, Reich analyses the relationship between contemporary capitalism and democracy. "Why has capitalism become so triumphant and democracy so enfeebled?", he asks. He explains how in the relentless fight for profit, investors and consumers have made gains, but citizens and the democratic process have fallen behind.
In political science and in international and comparative law and economics, transitology is the study of the process of change from one political regime to another, mainly from authoritarian regimes to democratic ones rooted in conflicting and consensual varieties of economic liberalism. [1]
According to the business ethics magazine Forum Wirtschaftsethik, the term was introduced by the German political scientist and advisor Johannes Bohnen. [8] In a 2015 article in Zeitschrift für Politikberatung , he argued that political factors are foundational for social, ecological and economic concerns, and recommended CPR as a strategic ...
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
Democratic consolidation is the process by which a new democracy matures, in a way that it becomes unlikely to revert to authoritarianism without an external shock, and is regarded as the only available system of government within a country.
Workplace democracy is the application of democracy in various forms to the workplace, such as voting systems, debates, democratic structuring, due process, adversarial process, and systems of appeal. It can be implemented in a variety of ways, depending on the size, culture, and other variables of an organization.
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]