Week 8 - Dear class and Dr. Wehmhoefer, I think what stood...

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Dear class and Dr. Wehmhoefer, I think what stood out the most is the ignorance of multinational corporations (MNCs) that do business in less developed countries (LDCs). They open factories in the Third World to make profits; yet, they forget the concept of corporate social responsibility, a concept they are well aware of. Boatright defines social responsibility as “the voluntary assumption of responsibilities that go beyond the purely economic and legal responsibilities of business firms.” 1 MNCs just do the bare minimum that they are required to do and nothing more in LDCs. However, since these countries are developing, they don’t have a legal capacity or economic power to make any significant changes in the work industry or political life. Workers have been oppressed for a long time and they are afraid to state their opinions not to be dismissed from an already hard to find job. Moreover, because these countries are very poor, children have to work to support
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This note was uploaded on 11/11/2009 for the course BA 495 taught by Professor Wehmhoefer during the Spring '09 term at Regis University.

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Week 8 - Dear class and Dr. Wehmhoefer, I think what stood...

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