A
Global Economy Needs Global Ethics
Mr. Chairman, Governors, honored guests, I am convinced that a better
world is possible, if we are willing to invest in better globalization.
But I also believe that we need to take our concept of global governance
one step farther. Recent corporate scandals should remind us that
there must be more to a market economy and entrepreneurship than
profits alone. As President Vaclav Havel said two years ago in Prague,
a global economy needs a sense of global ethics. I would encourage
you to visit the exhibition “World Religions, Universal Peace,
Global Ethic” prepared by the theologian Hans Küng, that
is now underway at the IMF. I share Professor Kueng’s view
that there can be no survival of the globe without a global ethic.
And I think that you will be struck by how much common ground he
has demonstrated among the major religions and philosophies of the
world. And I trust that you, too, will see this as another source
of hope for the future for the world.
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