Leadership and Integrity: Crisis and Challenge for the Global Economy

This paper formulates a vision for leadership based on integrity in business, banking, government and politics. It proposes a tripartite response to the current grave difficulties affecting international finance and markets: a renewal of values and virtues, acceptance of the centrality of the human person, and appropriate recourse to key principles of Catholic social teaching, as articulated in Pope Benedict XVI's encyclical, Caritas in Veritate. By considering Ireland's "Celtic Tiger" period, particularly the actions of the Anglo Irish Bank, we show how failures in leadership and integrity at all levels of Irish society, including business, politics, government, public sector and church, have eroded trust and damaged the reputation of key institutions. The paper presents plain suggestions for civic leaders on how putting people first can help restore trust, reputation, integrity and professionalism at local and global levels.