URI MENA

The 15th session of URI MENA Cultural Cafe (via Zoom)

URI MENA Cultural Café session on 18 July 2020 was on "The required traits & ethical aspects to overcome the Economic Plight in our society". The discussion was around three main questions:
- To what extent are business and ethics go together nowadays?
- How can we cooperate to overcome the current economic crisis resulted from COVID 19?
- Is there a need to restructure the economy to avoid similar crisis in the future?

Takeaways include:

- Most business firms claim to be ethical, but we do not see ethics in most of their action. Business only care for maximizing profits whereas ethics is about what is right and wrong. These two cannot go together.
- Some believe morality comes from their religion, others believe morality does not necessarily depend upon religion.
- To overcome future economic crisis we need to promote ethics drawing on social, cultural, and religious aspects.
- People start building ethics in early childhood, hence integrating the basics of business ethics into Schools' curriculum could improve ethics business.
- In some countries effective enforcement of laws improve ethics in business.
- We need to promote what so-called Green growth (fostering economic growth and development while ensuring that natural resources continue to provide us what we need to secure our well-being. We need to reduce the use of our natural resources and think about future generations.