Lecture 4 - Lecture 4 Ethics in International Business...

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   Lecture 4 Ethics in International Business
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2 Outline A. Important Terms B. Ethical Issues in International Business C. Ethical Decision Making
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3 A. Important Terms Ethics Accepted principles of right or wrong governing the behavior of a person, the profession’s members, or an organization Business ethics Accepted principles of right or wrong governing the conduct of business people Ethical strategy A strategy that doesn’t violate the accepted principles
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4 B. Ethical Issues in International Business Arise most often in the context of: Employment practices Corruption Human rights Moral obligations Social responsibility Environmental pollution
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5 B. Ethical Issues in International Business: Employment Practices When work conditions in a host nation are clearly inferior to those in a multinational’s home nation, what standards could be applied? Host nation’s standards Home nation’s standards Both or other’s standards Example: Nike (Global Business Today: P.125)
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6 Example: Nike - Sweatshops 650,000 workers ~ 40% of factories in China > 60 hours/week restrictions < minimum wage child labour 1997 – Vietnam - poisonous gas Reference: “Sweatshops” in The Secret History of the American Empire, pp.39-44
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7 Issues Concerned in Employment Practices Working hours Living spaces Working environment Salary Child labour Discrimination Forced labour Enough protection
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8 Rights (e.g. freedom of association, speech, assembly granted in the developed world are by no means universally accepted Example: No specific human rights in South Africa, Nigeria & Myanmar Examples Royal Dutch/Shell: Human Rights in Nigeria (Global Business Today: P.127) Unocal in Myanmar (Global Business Today: P.129) B. Ethical Issues in International Business: Human Rights
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Unocal in Myanmar JV with French company pipeline Contract Myanmar govt. needed to clear a corridor Army forcibly moved villages Ethical or not?
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This note was uploaded on 11/02/2009 for the course FB AF2602 taught by Professor Aliceshiu during the Winter '08 term at Polytechnic University of Puerto Rico.

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Lecture 4 - Lecture 4 Ethics in International Business...

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