Ethical distance and difference in bilateral trade
Date
2012-01
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ARTNeT, United Nations ESCAP
Abstract
Using data from 53 countries that participated in the World Values Survey, findings show that the closer the ethical distance between countries, the greater the trade. Ethics in international trade are important where purchasing, exports, marketing and sales activities are more likely to involve unethical behaviors, such as bribery and corruption. The focus of this paper regards similarities and differences in ethical behaviors between trade dyads (an importing and an exporting country). Do variations in perceived ethics among the protagonists help or hinder bilateral trade? As a determinant of bilateral trade, the ethicality of importers matters more than exporters.
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Keywords
BILATERAL TRADE AGREEMENTS, ETHICS, IMPORT PROCEDURES, VALUE SYSTEMS, TRADE FACILITATION, MATHEMATICAL MODELS, CORRUPTION, TRADE BARRIERS, BRIBERY