Globalization extends the space of the things that are simultaneous for the human. This applies particularly to the decision-making in financial markets. The global market for capital is one of the main causes for globalization. How is this process of globalization to be judged from the point of view of business ethics? The paper investigates the ethical foundations of capital markets and of financial consulting. It analyzes the foundational theories of corporate governance in the Anglo-American and in the German context. Their difference can be described as external control by competition versus internal control by consensus.
The Internet Corporation for Assigned Names and Numbers (ICANN) currently determines which top level domains are available on the A-root server and so restricts the choices facing Internet users. Thus ICANN redistributes wealth and has become the focus of rent-seeking activities. This paper from International Centre for Economic Research provides key insights into the economics of regulation and rent seeking, describes how the regulation of the Internet has developed, and provides an economic analysis of some aspects of the governance of the Internet and likely developments.
This white paper aims to contribute to this debate by exploring the emergence of federal food, drug and meat inspection regulation in early 20th century America. In 1906, the federal government enacted two pieces of legislation - the Pure Food and Drug Act and the Meat Inspection Act - that gave federal regulators unprecedented authority over interstate trade in food, drugs, and meat products. The central issue this paper attempts to explain is why the federal government extended its regulatory authority over food, drugs, and meat inspection.