Business ethics in China is highly politicized, both within China as well as on the global scene. Over the past years many issues of business ethics have arisen. It turns out that the Chinese often have a different set of ethical priorities with respect to the economy than do their Western counterparts. China possesses rich and well-developed ethical traditions that provide a meaningful basis for evaluating its own problems. This article reviews China’s ethical heritage and, at the same time, takes note of Western ethical concerns of human rights, property and so forth that have been injected into the debate. The article further reviews the principal issues of ethical analysis and, within the context of China/U. S. inter-relations, suggests ethical paths to pursue on four levels: government to government, multinational corporations, interest groups and international fora, and individual initiatives and commitment.

An analysis of the business ethics of the African-American church during and after Reconstruction reveals that it is a conflicted ethic, oscillating between two poles. The first is the sacralization of the business ethic of Booker T. Washington, in which self-help endeavors which valorize American capitalism but are preferentially oriented to the African-American community are advanced as the best and only options for economic uplift. The second is the “Blackwater” tradition, which rejects any racial discrimination and insists upon social justice. The inability of the Washingtonian business ethic to address the needs of the Black underclass are explored. A new business ethic is called for, which would be committed to meeting the basic needs of the most disadvantaged members of American society and those of the “international poor.”