Trans-Pacific Partnership: Common Good or Corporate Good?

TPP

By: Mark Anderson

There are a few issues on which liberals and conservatives agree. The idea that free trade has the potential to benefit all is one . So why then has there been such contentious debate over the Trans-Pacific Trade Agreement (TPP) despite the support for free trade? One answer is that TPP is less about free trade than managed trade, mostly to the advantage of corporate interest.

THE ECONOMICS OF FREE TRADE

Gains from Trade Based on Comparative Advantage and Specialization

In 1817, British stockbroker David Ricardo published his “The Principles of Political Economy

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China and Corruption: The Case of GlaxoSmithKline

 

health care reform

By: Conner Lee 

GlaxoSmithKline (GSK) is Britain’s biggest drug maker. Chinese authorities found GSK guilty of bribing both hospitals and doctors to help promote their products in China, using a network of nearly seven hundred travel agencies to pay medical professionals, health-related organizations, and government officials. According to Chinese authorities, GSK funneled about 3 billion yuan, or US$482 million, through this network to recipients. Receipts were forged for purchases and transactions that never took place, including fake conferences. At first, GSK denied any involvement in the bribes. Then, after an internal

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Moral Cents

Financial EthicsMoral Cents is The Journal of Ethics in Finance, produced on a regular basis by the Seven Pillars Institute for Global Finance and Ethics. Click HERE to see the latest issues and read them in full.

Seven Pillars Institute for Global Finance and Ethics (SPI) and the Centre for Commercial Law Studies (CCLS) at Queen Mary University of London have a collaborative affiliation in their work on ethics, law, and regulation in finance. The goal of the collaboration is to foster a dialogue on important ethical policy issues affecting the financial services industry.

Read the Collaboration Announcement

Seven Pillars Institute for Global Finance and Ethics and IntegTree LLC have a collaborative affiliation. The two organizations plan to create online training programs in financial ethics and compliance management. The Programs will help financial institutions improve conformity with the law while also fostering ethical awareness.

Read the collaboration announcement.