CU 13, Ethical Issues of MNBs - MNBs can o±en circumvent...

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CU 13: Ethical Issues in Globalism and International (Multinational) Business (MNBs) Differences between single-country business and multinational business
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Special Circumstances of Multinational Business Most businesses today operate in more than one country Cash-flow of largest MNBs greater than the GNP of numerous countries MNB give rise to numerous ethical problems
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Why MNBs? Principle of comparative advantage Specialization of production Explosive growth of world trade Benefit consumers, capitalists, and workers in the developing world; disadvantage workers in the developed world
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Ethical Problems of MNBs, I Differences in portability of capital, products, and workers
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Unformatted text preview: MNBs can o±en circumvent government regulaTons • DiFerences between developed and undeveloped worlds (Consumer sophisTcaTon; governmental experience and power) • DiFerences in value systems (e.g. treatment of women or people of diFering race or tribe) • MNBs and small or indigenous culture(s) Ethical Problems of MNBs, II • The Nestlé baby-formula case • Environmental consequences of MNBs – Interna±onal pollu±on • Expor±ng jobs; unemployment and lowering of wages of workers in the developed world • Medical tes±ng and drug sales • Protec±onism and free trade • Product dumping • Bribery • The controversy over sweatshops...
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