Economic Integration (EI)
What is it?
What are the benefits/effects of EI?
Compare EI with the role played by international organizations such as the
How does a business view economic integration? How does a government
view it? How does a c
Philosophical Approaches to Ethics: Rights
Rights theories recognize that human beings have fundamental rights and
privileges which transcend national boundaries and cultures.
UN effort to establish a minimum level of morally acceptable behavior f
How should MNCs act?
What responsibility do they have when exercising control over people,
What if the MNC can affect popular opinion through control of media? (the
Rupert Murdoch story)
(Western) moral philoso
Ethical Issues in IB
Conducting business across differing political systems, legal systems, levels of
economic development and cultures often raises ethical issues and dilemma for
The most common international ethical issues involve
Foreign Firm Problems
Lack of knowledge (liability of foreignness) can affect all dealings with host
country stakeholders and may make it harder for the foreign firm to assess and
manage two market conditions that can have a drastic effect on an ec
Importance of Understanding Economic Development
Economic Development measures explain:
o The size of the market
o The well-being of the country (and its people)
o The buying power of consumers
o Over time, assessment shows the stability of the mar
The major trade bloc in South America
Customs Union (with aspirations and problems)
Other Integration Efforts
The member countries of ASEANBrunei, Indonesia, Malaysia, Philippines,
Laos, Cambodia, Singapore, Thailand, Myanmar and Vietnam have wid
Impact of a Single European Market
Internal concerns about EU
The potential growth of centralization and socialism.
Lack of acceptance of key changes, such as tax harmonization.
The possible shift of jobs from northern to southern Europe.
Benefits of the Euro currency:
Savings from having to handle one currency, rather than many.
A common currency makes it easier to compare prices across Europe.
It should give a strong boost to the development of highly liquid panEuropean capital
Introduction to International Ethics
Business ethics are the accepted principles of right or wrong governing the
conduct of business people. Views vary across countries.
An ethical strategy is a strategy or course of action that does not violate t