Freight Derivatives and Risk Management in Shipping: Ethics, Culture, and Relationships

The COVID-19 pandemic underscored longstanding fissures in China’s business relationships with the West. If the West is going to develop a relationship of mutual trust and improve business relations with China in the coming decades, it is imperative to understand how to engage with Chinese thinking on ethics in business―this book explains how.

Government officials, businesspeople, and business-ethicists have trouble communicating about issues in ethics, policy, and business across the China-West divide. This book shows how to overcome the us-versus-them mindset plaguing China-West relations by presenting to Western audiences an easy-to-understand yet deeply informed primer on core ideas and perspectives in Chinese cultural and philosophical thought. The book considers original texts of Chinese philosophy and religion, and applies principles from those writings to three business-ethics topics of enduring interest to business executives, government officials, and academics, namely, the protection of intellectual property, assurance of product safety and quality in the pharmaceutical supply chain, and human rights.

This book is a must-read for those who want to forge constructive relationships with their Chinese counterparts based on mutual trust and understanding. The book is specifically relevant to business executives, but it should also be of interest to policymakers, educators, and students who seek to communicate more effectively with their Chinese counterparts, in particular about difficult and contentious business, policy, and ethical issues.

Michael A. Santoro is the author of two previous books about China. A former Fulbright Fellow at the University of Hong Kong, he has taught at the Sinopec Management Institute and Shanghai Jiao Tong University. He is a professor of management and entrepreneurship at Santa Clara University.

Robert Shanklin is Senior Lecturer in the Philosophy Department at Santa Clara University. His teaching and publications include Chinese philosophy, business ethics, aesthetics, and philosophy of language. He has advised firms based in Silicon Valley and elsewhere on business ethics and China.