LAW, ETHICS & CSR

(GMUL 5063)
Chapter 12
International Business and
Globalization
GROUP MEMEMBER;
THARSHINI M. (814789)
MHARUNMOLLY T. (814112)
JHAIYASREE W. (814773)
INTRODUCTION

Ethical issue.

Responsibility.

Economic.
ETHICAL RELATIVISM AND
CROSS CULTURAL VALUES
ETHICAL RELATIVISM

right in one society could be considered
wrong in another.
ISSUES ON ETHICAL RELATIVISM
AND CROSS CULTURAL VALUES
Diverse cultures hold diverse ethical
values?

Etc: Doing business in Indonesia
ISSUES ON ETHICAL RELATIVISM
AND CROSS CULTURAL VALUES
Ethical principles and the application


Etc : Foxconn case
ISSUES ON ETHICAL RELATIVISM
AND CROSS CULTURAL VALUES
Virtue of integrity.

Etc. Treating women's as
second class citizens.
Observation
Judge values of other culture
are unethical.

Assume ethical of industrialized
western democracies are more ethical.
CROSS-CULTURAL VALUES &
INTERNATIONAL RIGHTS
Tom Donaldson argues are there any values can be
reasonably applied across culture?


Minimalist
approach
minimal moral rights are
not violated
Agree ethical
standard- can be
applied cross culturally
Maximalist
approach
positive benefits &
supports for the
communities.
Agree ethical standard
can be applied cross
culturally
GLOBALIZATION AND
INTERNATIONAL BUSINESS

Process of international
economic integration.
Exp: GATT, NAFTA,
European Union
Process of extending
free and open
competition.
Its to improve the well
being of most
impoverished people.
Economic integration is a
major impediment to
conflict.
GLOBALIZATION
Open international market lead to efficient.
Optimal distribution of economic goods & services.

GLOBALIZATION AND THE
POOR
Empirical -
ambiguous
Conceptual
Etc. Jobs of
the lowest &
surplus of
skilled workers
Etc. Workers in
poor countries
benefits from
news jobs

Ethical responsibilities of international
business to their employees in host
countries?

Similar Responsibility

Differences in :
Fair Wages
Labor Benefits
Standard of living


Final thinking
IB benefit from less-costly local
labor.

Host countries less benefited

Free trade improve the economic
but not for all countries economic.

RACE TO BOTTOM
RACE TO BOTTOM

DEMOCRACY, CULTURAL
INTEGRITY & HUMAN
RIGHTS

DEMOCRACY, CULTURAL
INTEGRITY & HUMAN
RIGHTS
CONCLUSION