Ethical issues in international lending
Journal of Business Ethics · 1989 · Volume 8 · Issue 8
Abstract
This article deals with the ethical issues faced by commercial banks, governments and international financial institutions in their international lending activities. Such issues include not only to whom and for what purpose such lending takes place but also the more delicate questions of the relations between sovereign lending and economic management, as well of lending to sovereign countries embroiled in situations of conflict. It leads to the ethical issues raised by the present international debt crisis: co-responsibility, burden-sharing, role of the international organisations. Finally, capital flight out of developing countries is studied as a special case.
Keywords
Economic Growth, Ethical Issue, Financial Institution, Commercial Bank, Debt Crisis
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