IB4 - Ethics in International Business Juan to edit Master...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
Click to edit Master subtitle style 8/18/11 Ethics in International Business Juan Carlos García-Piña Rosete
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8/18/11 Ethical Issues In International Business The most common ethical issues in business involve: employment practices human rights environmental regulations corruption the moral obligation of multinational companies
Background image of page 2
8/18/11 Employment Practices If work conditions in a host nation are clearly inferior to those in a multinational’s home nation, should companies apply: home country standards host country standards something in between
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8/18/11 Human Rights In developed countries, basic human rights such as freedom of association, freedom of speech, freedom of assembly, and freedom of movement, are taken for granted In other countries, these rights may not exist
Background image of page 4
8/18/11 Environmental Pollution Ethical issues arise when environmental regulations in host nations are far inferior to those in the home nation Environmental questions take on added importance because some parts of the environment are a public good that no one owns, but anyone can despoil The tragedy of the commons occurs when a resource held in common by all, but owned by no one, is overused by individuals, resulting in
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8/18/11 Corruption The U.S. Foreign Corrupt Practices Act outlawed the practice of paying bribes to foreign government officials in order to gain business The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions adopted by the Organization for Economic Cooperation and Development (OECD), obliges member states to make the bribery of foreign public officials a criminal offense
Background image of page 6
8/18/11 Corruption Some economists believe that in a country where preexisting political structures distort or limit the workings of the market mechanism, corruption in the form of black-marketeering, smuggling, and side payments to government bureaucrats to “speed up” approval for business investments may actually enhance welfare Other economists have argued that corruption reduces the returns on business investment and leads to low economic growth
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
8/18/11 Moral Obligations Social responsibility refers to the idea that business people should take the social consequences of economic actions into account when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and good social consequences Social responsibility can be supported for its own sake simply because it is the right way for a business to behave Advocates argue that businesses need to recognize their noblesse oblige (honorable
Background image of page 8
8/18/11 Ethical Dilemmas Ethical dilemmas are situations in which none of the available alternatives seems ethically
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 32

IB4 - Ethics in International Business Juan to edit Master...

This preview shows document pages 1 - 10. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online