In my previous article on ethics, I touched on the term “integral development” as being required in any consideration of business. Pope Paul VI in his Encyclical Popularum Progressio (The Development of Peoples), specified in detail the meaning of “integral development” as the “development of every man and of the whole man”.

Moved by prevalent issues of his time such as global inequality and systemic injustices, as he saw in his visits to different European and Latin American countries, Paul VI appealed for the eradication of both social and economic oppressions and reminded all to recognize the common threads that unite humanity in this world of finite resources. Much more than economic growth, he emphasized that development must also be geared towards the holistic growth of every person.

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