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Role of Values in Balanced Development - Coggle Diagram
Role of Values in Balanced Development
Economic
Economic Development
Values
Integrity
How Values Help
Builds trust in business environments
Encourages long-term investment
Enhances productivity & competitiveness
Examples
Malaysia: Anti-corruption efforts improve business climate
Japan: “Kaizen” continuous improvement
Islamic values: Amanah promotes honest trade
Innovation
Accountability
Scholars’ Views
Max Weber: Work ethic drives economic progress
Amartya Sen: Ethical values enhance economic freedom
Environment
Environmental Development
Key Values
Sustainability
Stewardship
Responsibility
Function
Reduces pollution
Promotes resource conservation
Balances modernization with nature
Examples
Islam: Khalifah concept—humans as earth stewards
Malaysia: MSPO sustainable palm oil
Germany: Renewable energy policies
Scholars’ Views
Aldo Leopold: Land Ethic encourages caring for nature
Rachel Carson: Highlighted environmental dangers
Social
Social Development
Key Values
Equality
Justice
Function
Reduces discrimination
Strengthens social harmony
Protects vulnerable groups
Examples
Malaysia: Rukun Negara values encourage unity
Islamic values: Ihsan promotes kindness
Nordic countries: Equality strengthens welfare system
Empathy
Scholar's Views
Durkheim: Shared values hold society together
John Rawls: Justice is foundation of a fair society
Comparison & Summary
Comparison
Social
fairness & unity
Environmental
sustainability
Economic
growth & productivity
All require ethical values
All aim for long-term stability
Summary
Balanced development requires ethics
Sustainable progress = economic + social + environmental harmony
Values guide all 3 sectors