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Ethical Challenges in Global Business

This document discusses several topics related to international business and globalization, including: 1) Ethical relativism and the need to preserve integrity while acknowledging different cultural views of ethics. 2) The "moral minimum" of doing no harm and the "moral maximum" of providing benefits in proportion to power for communities. 3) Debates around free trade and globalization, including concerns about a "race to the bottom" in standards and the impact on jobs and communities. 4) The roles of international organizations like the WTO, World Bank, and IMF and debates around their agendas and impact on regulation.

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6 views9 pages

Ethical Challenges in Global Business

This document discusses several topics related to international business and globalization, including: 1) Ethical relativism and the need to preserve integrity while acknowledging different cultural views of ethics. 2) The "moral minimum" of doing no harm and the "moral maximum" of providing benefits in proportion to power for communities. 3) Debates around free trade and globalization, including concerns about a "race to the bottom" in standards and the impact on jobs and communities. 4) The roles of international organizations like the WTO, World Bank, and IMF and debates around their agendas and impact on regulation.

Uploaded by

Zurul
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

Chapter Twelve

International Business and Globalization


Ethical Relativism Revised
• Do not assume that diverse cultures have diverse
ethical values
• Principles that are held may not be practiced
because of circumstance not abandonment of the
principle (bribery)
• The preservation of one’s integrity is necessary
because integrity is the very core of one’s self
• Be clear about how ethical is defined (different
cultures may have a better view than the West)
International Rights
• Moral minimum - acknowledge the “negative
duty” to do no harm
• Moral maximum – the greater the power the
more the responsibility to provide positive
benefits and support to communities
• Donaldson
– United Nations “Universal Declaration of Human
Rights”
• DeGeorge
– Ten shoulds for multinational corporations
Context of International Business
• Globalization defined “process of international
economic integration”
• Free Trade – pursuit of profit within social and
economic arrangements that secure free and
open competition.
– This will
• Allocate resources to their most highly valued use
• Distribution in this manner will produce the greatest good
for the greatest number of people
• Improve poverty
• Reduce conflict between nations
Counter view
• Create a “race to the bottom”
– Lowest wages, lowest environmental standards,
lowest health and safety, lowest equal rights and
lowest level of self-determination
Does creation of mobile jobs support
the poor
• As jobs are exported lower level jobs
disappear in one country but appear in
another because people will have to choose
between economic death or a low paying job
• Reduces people to an economic equation and
disregards theoretical benefits such as
community
Behavior in other countries
• Use of contract labor as a means of avoiding
responsibility
Impact of Trade barriers
• Regulation bars access to markets (tuna,
hormones in beef)
Impact of Global Organizations
• World Trade Organization
• World Bank
• International Monetary fund
– Agenda - if you embrace western capitalism then you receive
support
• Defense
– Regulation seems to increase environmental, worker, and
consumer protection
– Thee organization were created by governments in the
countries regulated
– These organizations are courts or arbitrators trying to resolve
conflict. This is best done in private rather than in public forms.
Remember they are not legislative bodies

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