Title: Analysing wellbeing at the crossroads of socioeconomic growth and business ethics

Authors: Larisa Mihoreanu; Laura Oana Goran; Tania Georgia Viciu

Addresses: The Bucharest University of Econimic Studies, Piaţa Romanã, No. 6, Sector 1, Bucharest, Romania ' Spiru Haret University, Basarabiei Boulevard, No. 256, Sector 3, Bucharest, Romania ' The Bucharest University of Econimic Studies, Piaţa Romanã, No. 6, Sector 1, Bucharest, Romania

Abstract: Faced with the pressures of a modern, open society, the traditional economic approach has become a top subject of debate among economic thinkers and business planners. Nowadays, more and more authors bring collateral arguments to analyse the concept of wellbeing. We bring to attention a new way to understand and accept this concept, at the crossroads of multidimensional elements on which the macro-analysis is built. The economic development leading to a globalised market brings forward additional arguments in supporting an enhanced quality of life. The abode where the optimum allocations of resources meet the society needs requires deeper understanding. The present approach tries to enquire the characteristics of individual and national wellbeing towards both the role and effects of corruption as corrosion element, to determine the manner in which these influence each other, and how they impact decisions of business planners and policymakers.

Keywords: business ethics; corruption; quality of life; wellbeing; economic development; sustainable development; internalisation; globalisation; socioeconomic growth; ethical business.

DOI: 10.1504/WREMSD.2015.068584

World Review of Entrepreneurship, Management and Sustainable Development, 2015 Vol.11 No.2/3, pp.282 - 295

Available online: 19 Mar 2015

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