Baruch Professor Prakash Sethi's Research
"The World of Wal-mart" Selected as
#1 Carnegie Council Resource for 2013
NEW YORK, NY- December 16, 2013 - Research by S. Prakash Sethi, University Distinguished Professor of Management, at Baruch College has earned top recognition by the Carnegie Council for Ethics in International Affairs as the #1 Carnegie Council Resource for 2013.
The top resources were selected based upon users of the Carnegie Council Resource database. Earlier this year, Professor Sethi conducted research on Wal-Mart Stores, Inc. and other multinational companies to examine unethical and illegal behavior. The Robert Zicklin Center for Corporate Integrity hosted Sethi’s presentation on September 12 at the College.
In his research titled, The World of Wal-Mart, Professor Sethi examines the management of global supply chains by large multinational corporations, where the most vulnerable component - the worker - is subjected to maximum pressure because of its lack of bargaining power. Sethi’s research offers a unique analysis of the situation with regard to worker exploitation and global supply chain, and makes the argument that exploitation of low wage workers is no longer a question of ethics or morality. Instead, the practice has been so embedded in the current business model that it would be extremely difficult, if not impossible, to remedy the situation without fundamental changes in how the global supply chain is managed.
Sethi, who is also a Senior Fellow of the Weissman Center for International Business, also examines the futility of the so-called factory monitoring programs and offers novel approaches to how this situation can be improved in a manner that would provide workers with safe working conditions and fair wages without overly excessive regulation and increased costs. He concludes that it is becoming increasingly obvious that the status quo is unsustainable, and without thoughtful and meaningful changes, it will cause violent disruptions in business activity and unnecessary injuries and loss of human life.
In addition to teaching at Baruch, S. Prakash Sethi is president of the International Center for Corporate Accountability and Forrest Mars, Sr. Visiting Professor of ethics, politics, and economics at Yale University. Sethi spent more than 12 years working and studying the operations of the Sullivan Principles in South Africa and their impact on U.S. corporations who were breaking down the apartheid barriers in South Africa. His articles have appeared in The New York Times, The Wall Street Journal, Business Week, and other publications. His books include Group Purchasing Organizations: An Undisclosed Scandal in the U.S. Healthcare Industry and Setting Global Standards: Guidelines for Creating Codes of Conduct in Multinational Corporation. Professor Sethi also serves on the Editorial Advisory Board of the Council's journal, Ethics & International Affairs.
About Baruch College:
Baruch College is a senior college in the City University of New York (CUNY) with a total enrollment of more than 17,000 students, who represent 160 countries and speak more than 100 languages. Ranked among the top 15% of U.S. colleges and the No. 5 public regional university, Baruch College is regularly recognized as among the most ethnically diverse colleges in the country. As a public institution with a tradition of academic excellence, Baruch College offers accessibility and opportunity for students from every corner of New York City and from around the world. For more about Baruch College, go to http://www.baruch.cuny.edu/.
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