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LAW, ETHICS & CSR(GMUL 5063)

Chapter 12International Business and

Globalization

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GROUP MEMEMBER;

THARSHINI M. (814789)

MHARUNMOLLY T. (814112)JHAIYASREE W. (814773)

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INTRODUCTION

Ethical issue.

Responsibility.

Economic.

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ETHICAL RELATIVISM ANDCROSS CULTURAL VALUES

ETHICAL RELATIVISM

right in one society could be consideredwrong in another.

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ISSUES ON ETHICAL RELATIVISM

AND CROSS CULTURAL VALUES

Diverse cultures hold diverse ethicalvalues?

Etc: Doing business in Indonesia

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ISSUES ON ETHICAL RELATIVISMAND CROSS CULTURAL VALUES

Ethical principles and the application

Etc : Foxconn case

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ISSUES ON ETHICAL RELATIVISM

AND CROSS CULTURAL VALUES

Virtue of integrity.

Etc. Treating women's as

second class citizens.

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Observation

Judge values of other cultureare unethical.

Assume ethical of industrializedwestern democracies are more ethical.

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CROSS-CULTURAL VALUES &INTERNATIONAL RIGHTS

Tom Donaldson argues are there any values can bereasonably applied across culture?

Minimalistapproach

minimal moral rights are

not violated

Agree ethicalstandard- can be

applied cross culturally

Maximalistapproach

positive benefits &supports for the

communities.

Agree ethical standardcan be applied cross

culturally

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GLOBALIZATION AND

INTERNATIONAL BUSINESSProcess of internationaleconomic integration.

Exp: GATT, NAFTA,European Union

Process of extendingfree and open

competition.

Its to improve the wellbeing of most

impoverished people.

Economic integration is amajor impediment to

conflict.

GLOBALIZATION

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Open international market lead to efficient.

Optimal distribution of economic goods & services.

GLOBALIZATION AND THE

POOR

Empirical -ambiguous Conceptual

Etc. Jobs ofthe lowest &

surplus ofskilled workers

Etc. Workers inpoor countriesbenefits from

news jobs

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Ethical responsibilities of internationalbusiness to their employees in host

countries?

Similar Responsibility

Differences in :

Fair Wages

Labor Benefits

Standard of living

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Final thinking

IB benefit from less-costly locallabor.

Host countries less benefited

Free trade improve the economicbut not for all countries economic.

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RACE TO BOTTOM

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RACE TO BOTTOM

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DEMOCRACY, CULTURAL

INTEGRITY & HUMANRIGHTS

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DEMOCRACY, CULTURAL

INTEGRITY & HUMANRIGHTS

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CONCLUSION