Ethical Responsibilities Of Multinational Corporations

Superior Essays
Ethical Responsibilities of Multinational Corporations Sourcing from Countries with Poor Human Rights Protections Within business today, there is a growing trend of multinational corporations actually sourcing from countries that are, for one reason or another, disadvantaged. However, although many of these countries might be disadvantaged in some way, it can, and frequently does, work in favor of the business itself. One of the most salient of these examples is that of multinational businesses operating within countries that have poor human rights protections. In these situations, there are a number of negative consequences that can arise, such as exploitation of workers, forcing them to work for extremely low pay, employing child laborers, excluding workers altogether, and a number of others. Therefore, there are many who argue that these corporations that work within these countries have an ethical responsibility to broadly improve the human rights protections of these countries beyond what is merely practical from a business standpoint. This is a sound idea, for reasons that will be examined in greater depth here. There are also a large number of options that are available to achieve these goals, which will also be examined. For starters, it can be argued that all businesses have a moral obligation to better society in some way for the sole reason that it is the right thing to do. More specifically, though, these businesses are some of the few entities, aside from

Related Documents

  • Great Essays

    Ethics and social responsibility are two important aspects of business law. In order for companies to be successful, putting these concepts into practice is a must. From rules, to regulations, to standards, business law incorporates it all. Part of running a successful business involves knowing every detail associated with the law. Along with that comes a social responsibility and ethical performance that is expected by society.…

    • 1126 Words
    • 5 Pages
    Great Essays
  • Superior Essays

    Sweatshops In The 1800s

    • 1184 Words
    • 5 Pages

    The exploitation of human beings for personal or corporate gain has been a constant and bloody stain throughout humanity’s history. In the past, exploitation focused on slavery - the forced labour of captured beings with little to no regard for their needs. This practice died out largely in the 1800s, though not entirely, and the focus has switched to sweatshop factories. The practice of sweatshop labour - difficult and/or dangerous labour by a group of workers where more than one labour law is being broken - grew after the industrial revolution when workplaces moved away from the cottage industry to assembly lines and mass production. Sweatshop labour remains to this day a driving force of poverty, especially in developing or ‘Third World’…

    • 1184 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Pros Of Sweatshops

    • 1004 Words
    • 4 Pages

    Sweatshops are business establishments where employees work long hours under poor conditions for low wages; sometimes employees are underage and work 60-100 hours per week. Sweatshops are a major part of people’s lives who work in third world countries. Overlooking age requirements, work conditions, and correct compensation that we find acceptable, people who live and work there do not think sweatshops are wrong; for people in developing countries, sweatshops are their best way of surviving. It’s a controversial issue of whether or not sweatshops should remain open. Everyone enjoys the satisfaction that comes with buying cheap or inexpensive products manufactured by sweatshops, yet not all sweatshops provide suitable working conditions.…

    • 1004 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Chipotle Ethical Issues

    • 554 Words
    • 3 Pages

    There are many companies in the world that provide services and catering to you and I, but do you actually know what the company does for the world? Hasbro, Bank Of America, L’oreal, Petco. Sound familiar right? I'm going to be talking about some very familiar companies such as Nestle, Chipotle, and Starbucks. What/…

    • 554 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    UNICEF vs. Whole Foods Market Almost every new and existing company has some sort of program set in place that lists out its corporate social responsibility and ethics model. Some companies push their ideas out into the public in order to spread their name in a way that allows consumers to feel good about their choice to do business with that company, such as partnering with other big brands to have massive promotions to raise either money or goods for a worthy cause. Others are more subtle about their influence in their communities, and like to keep their community involvement in the background, such as sponsoring a local sports team or giving a large donation to their local food bank. Yet another type of business is one that is founded…

    • 1554 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Corporate Social Responsibility (CSR) is a concept integrated in an economic model that focuses in the obligation that a company carries with society. A socially responsible company should be able to reduce its negative impact on society while increasing its positive effects on it. One possible way to categorized these responsibilities and see them graphically, is by using the Pyramid of global CSR and performance. The base of the pyramid and possibly one of the most important aspects in a healthy economic responsibility policy, states that the economic responsibilities of business are to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors. For example, multibillion dollar tech-giant Google,…

    • 645 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Recommendations: As the times change and as the world becomes more populated, it is more necessary than ever that CSR programs have a prominent role in today’s society. Corporations have an ethical responsibility to give back as often times it is the production and sale of their product that depletes available resources. The International Institute for Sustainable Development cites the “shrinking role of government” as a reason that necessitates more active involvement from corporations (“Corporate social responsibility”, 2013). Historically government was the entity that placed regulations on social and environmental objectives in the business sector. With the limited resources of government, combined with society’s distrust of the governmental system, new non-regulatory initiatives are being explored.…

    • 684 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Dodge Vs Ford Essay

    • 130 Words
    • 1 Pages

    2. Meaning/Concept The believe that a corporation is created for the sole purpose of generating profit for its shareholders had been deeply rooted throughout the world starting from USA as demonstrated by the decision of the Supreme Court of Michigan in the case of Dodge v. Ford Motor Co. (1919). Not until many years towards the end of the first quarter of the 20th century, it was generally accepted that issues of business/trade and human rights concerns were mutually exclusive to one another.…

    • 130 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Government Replace NAFTA

    • 666 Words
    • 3 Pages

    The Role of Government Government Intervention Since NAFTA was implemented 23 years ago, there has been a massive increase in profits and rights of multinational corporations which in turn led to a widening in economic equality in North America. Increased poverty, weakened labour rights and environmental protection have been social and economic consequences within the working class in all three member countries. From 2004 until now, 500,000 manufacturing jobs have been lost. Most of these jobs lost were permanent, well-paid and unionized. ("The Canadian government should replace NAFTA, or scrap it.…

    • 666 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Introduction When Corporations Rule the World expounds on how economic globalization has focused the influence to manage global organizations and economic markets and disconnect them from responsibility to the social interest of individuals. The novel notates the overwhelming human and conservational values of the struggles of these establishments to renovate morals and foundations universally to assist their own businesses. It also exposes how and why millions of individuals are acting to retrieve their civil and financial authority from this discriminatory potency and offers a plan for reestablishing fairness and delving economic influence in the general public and communities. The book outlines the damage that corporations have caused universally to our economic system, and the complexities of the structuring issues in corporate organizations.…

    • 839 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Social responsibility is a heavily disputed topic in the world of business and economics. John Mackey, co-founder of Whole Foods Market, claims that a business has multiple social responsibilities to each of its shareholders. He includes customers, employers, investors, and the community as part of the business’ stakeholders and claims that in fulfilling the needs of each group, the company must be mindful of the values of the other groups. On the other hand, Milton Friedman claims that there is no social responsibility of business, and that social responsibility falls on the government instead. Lastly, there is T.J. Rodgers who leans towards the arguments made by Friedman and objects against Mackey’s philosophy of altruism ahead of individual…

    • 1021 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Knights Apparel Case Study

    • 1328 Words
    • 6 Pages

    The Survival of Knights Apparel When Knights Apparel made the decision to reopen a company that is based overseas in another country to assist in their production, the challenges began. Bozich wanted to eliminate unjust treatment that many individuals who work in factories overseas endure. It is crucial to communicate clearly, what the changes will entail along with addressing any dilemmas that may develop during the transition. This modification does not just affect the employees; it affects the company as a whole.…

    • 1328 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Many people will argue whether corporate greed can benefit a business or destroy it. Greed has always been known to be a sin, “an intense and selfish desire for something, especially wealth, power or food”. Although most will agree that being greedy is not an honorable trait to have, opinions change when people realize that they might gain a great deal out of someone else’s success. As our society is continuously evolving without corporate greed it would not be progressing as rapidly as it is and has been in the last number of years. Corporate greed is in fact good, there are multiple successful people that have aided humanity by their greedy decisions and actions.…

    • 1310 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    The public’s increasing concern for social issues, such as sustainability, has resulted in the adoption of corporate social responsibility (CSR) strategies by companies worldwide. CSR has become an integral part of today’s business environment. Despite the growing trend towards the implementation of CSR, the United States seems to be lagging behind other countries, such as the United Kingdom and those in the European Union, in the depth and impact of their CSR commitments and actions. This gap may be attributed to the different political, social, and economic cultures present in the institutional frameworks of other nations.…

    • 1417 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Nowadays, Laws are used to as rules to set the standards of behaviors act by people. As the most advanced mammal on the earth, human beings also have morals to enforce the power of those standards or set up other groups of standards of right and wrong that influence people’s behaviors which are also unknown as ethics. That is the ethics for the society people live in, while there is another term called ‘business ethics’ related to rules, standards and moral principles those are set up in the world of business to guide business related behaviors. An increasing number of companies noticed the benefits of business ethics and the advantage of improving ethical behaviors, but there is always one issue which is profit versus ethics. As businesses…

    • 1369 Words
    • 6 Pages
    Improved Essays