Zhvillimet globale dhe tregu financiar në Shqipëri
Global financiar crises from etith point of view

Summary/Abstract: Careful examination of global financial crisis can reveal that alongside other negative effects, it triggered a global dilemma on the ethical aspect as well. Problems concerning the financial markets and their ethical implications suggest that this crisis and its causing factors should be thoroughly understood if we want to use its lessons to preventing future crisis of a similar kind. This work intends to contribute towards raising awareness of the Albanian academic community regarding the links that exist between lack of business ethics and crisis which lead towards loosing the public trust. If we fail to understand the ethical problems surrounding this crisis, then global economy and financial markets are likely to face similar situations, thus repeating the very same mistakes which were neglected in this one. If the financial community is keen on understanding the ethical issues, first it has to gain a sound understanding of the organizational culture that prepared the ground for the creation of such assets as subprime loans. In this context, the question that comes naturally is: which were the forces that stimulated the creation and flourishing of the consumer’s buying-throughloans culture. This financial crisis had an impact not only on the developed economies, it touched and the less-than-developed ones too. Although many countries may have been faced with stronger local effects, the response should be coordinated on a global level. This proved to be a more effective approach to handle it. It was the coordinated collective intervention by several governments the one that made possible the effects to be minimized and controlled to a greater extent. (A Keynesian approach) As the last experiences have shown, the stability of business and economic success is far from being guaranteed forever, and so is the market economy itself. The globalization of economy and the issue of ‘Global Capitalism’ have brought along new risks and challenges. Business can successfully face them only if it employs sound ethical norms and greater corporate social responsibility of which the whole society can benefit.

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