Wealth Creation in China and Some Lessons for Development Ethics

Journal of Business Ethics · 2010 · Volume 96 · Issue 1

Abstract

In the last 30 years, China has experienced an astounding economic development that calls for a differentiated understanding of this complex process of wealth creation. In the first section of this article, I present a new concept of wealth creation that goes beyond making money, maximizing profit and adding value and serves as a framework to address the article’s main topic. In the second section, I investigate in what ways and to what extent this new concept might apply to China’s economic reform and development, particularly in the 1980s and 1990s. In the third section, I attempt to draw a couple of lessons for development ethics in general.

Keywords

China’s economic reform, corporate social responsibility, development ethics, poverty, private and public wealth, sustainability, township and village enterprises, wealth creation

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