This paper articulates the necessity of emphasizing the absolute level of environmental degradation in different countries as a guide to understanding the links between such degradation and economic development. We argue the case for developing a composite environmental degradation index (EDI)...

A central issue in the context of the environment is that of its sustainability. This presumes the development of an index that encapsulates both the current state of the environment as well as its potential to provide support for future human activity. Once the broad contours are accepted the...

We extend the analysis of Jha and Murthy (2003) to relate consumption to environmental degradation (conceived of as a composite) within a cross-country framework. We use the method of Principal Components Analysis (PCA) to construct an Environmental Degradation Index (EDI) for each country and...

Starting from the famous but controversial statement of Peter Drucker (1981) - "There is neither a separate ethics of business nor is one needed", this paper goes on to argue that business ethics and social responsibility are not unrelated. It shows how it is necessary to distinguish between...

This paper argues that accountability, responsibility and governance go hand in hand. Evolving standards is a part of governance. Unless such a global perspective is adopted "Social Responsibility and the implications for Developing Countries", which is the theme for this workshop, cannot be...

The present financial crisis gives us an opportunity to think in retrospect about crisis. The objective of this paper is to identify and analyze various indicators of crisis, which were affected by the crises in East Asia with a more scientific and systematic approach through studying structural...

"Corporate governance deals with the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment". This to our mind is an extremely narrow definition of corporate governance, especially in banks. Our approach to corporate governance in general is...