ACTG 2010 Lecture Notes - Lecture 11: Foreign Corrupt Practices Act, Moral Relativism, Negative And Positive Rights
12 Jul 2016
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Course kit readings ethics & multinational corporations. Multinational corporations largely independent of social policies. Multinationals have ability to move resources: global scale - discretion about wages, workplace safety, taxes, environmental standards, costs of production. Independence of multinationals allows influence on creation of local & national policy. Public policy tools of nation-states have diminished effectiveness in controlling multinationals, international business = possibly area where primary constraint comes on corporate behaviour comes from values & commitments of those in charge of creating corporate policy. Moral values differ across cultures & no objective way to discern whether culture"s set of values is better than another"s. Thus, we cannot legitimately impose our values on those who disagree with us. Though something we consider unethical in our country (ie. bribery) can seem as widespread in another country, does not mean it is supported by citizens of those nations. Ethical relativism=way of blocking application of moral values to international business practices.
