Chapter 10 Ethics

Front 1

Alien Tort Claims Act (ATCA)

Back 1

Allows foreign individuals to sue US firms in US courts for companies actions abroad. Federal Lawsuit

Front 2

Anticorruption Movement

Back 2

The civil society movement against corruption and to express solidarity with the same institution in stamping out corruption from our society.

Front 3

Anti globalists

Back 3

Belief that globalization is responsible for the destruction of local environments and emerging economies, abuses of human rights, the undermining of local cultures, and the sovereignty of nation-states

Front 4

Bhopal Tragedy

Back 4

1984 methyl isocyanate gas leak "worst industrial accident in history". Killed 2000+ and injured 200,000+ people. Plant did not have same standards as US plants. Located in India...Who is Responsible? Do standards need to be the same as US Plants?

Front 5

Bribe Payers' Index (BPI)

Back 5

Ranks leading exporting countries in terms of the degree to which international companies with their HQ in those countries are likely to pay bribes to senior public officials in key emerging market economies.

Front 6

Bribery

Back 6

The practice of offering something (usually money) in order to gain an illicit advantage. Illegal

Front 7

Consistent Norms

Back 7

Values that are culturally specific but consistent with transcultural values and legitimate norms

Front 8

Corruption

Back 8

A global business that involves the illegal behavior on the part of officials in the public sector, whether politicians or civil servants, in which they improperly and unlawfully enrich themselves, or those close to them, bu the misuse of the public power entrusted to them. Includes: embezzlement, theft, bribery, extortion, peddling.

Front 9

Corruption Perception Index (CPI)

Back 9

A primary tool used by TI to combat corruption. Ranks more than 150 countries by their perceived levels of corruption, as determined by expert assessments and opinion surveys. Ranking range from "highly clean" to "highly corrupt"

Front 10

Ethical Impact Statements

Back 10

A systematic attempt to assess the underlying moral justifications for corporate actions and the consequent results of those actions

Front 11

Globalism or globalization

Back 11

Global economic integration of many formerly national economies into one global economy. Made possible through free trade, free capital mobility, and by easy or uncontrolled migration

Front 12

Globalists

Back 12

People who advocate open markets with private firms moving freely across the globe. Believe that investors, consumers, EE, and environmentalist are better off due to globalization.

Front 13

Grease Payments

Back 13

A minor, facilitating payment to officials, for the primary purpose of getting them to do whatever they are supposed to do anyway.

Front 14

Hyper norms

Back 14

Trans cultural Values which include: fundamental human rights or basic prescriptions common to most major religions. Values by definition acceptable to all cultures and all organizations.

Front 15

Illegitimate Norms

Back 15

Norms that are incompatible with Hyper Norms. Example: Exposure workers to unacceptable levels of carcinogens.