Dear Dr. Maria Sahakyan,

Undoubtedly, promoting business ethics and integrity is crucial for building trust, ensuring fair competition, and fostering sustainable economic growth. In this context government institutions play a key role in shaping an ethical business environment through a combination of regulations, incentives, education, and technology.

Coming to your question - first, strong legal frameworks are essential. Enforcing anti-corruption laws, protecting whistleblowers, and requiring transparency in financial and ethical reporting help hold businesses accountable. Governments can also introduce ethical business certifications and prioritize integrity-driven companies in public procurement.

Beyond regulation, incentives such as tax benefits for ethical businesses and national awards for corporate integrity can encourage good practices. Also, education and awareness campaigns, as well as partnerships with universities, help instill ethical values in future business leaders.

Next, technology offers additional tools-blockchain can enhance transparency in transactions, while secure digital platforms allow anonymous reporting of unethical behavior. Finally, fostering collaboration with businesses, civil society organizations, including think tanks, and independent ethics advisory/expert boards ensures ongoing improvements and a culture of integrity.

I think by combining these approaches, governments can create an environment where ethical business practices are not just encouraged but expected.

Wishing you and your colleagues the very best in your research. I hope these insights contribute to your valuable work.

Dear professor Vardan Atoyan , thank you, this is an interesting approach, I totally agree with you! Thank you for an expert suggestions!