Philosophy 2074F/G Chapter Notes -Economic Globalization, Global Reporting Initiative, Categorical Imperative
1 May 2013
School
Department
Course
Professor
Document Summary
Most firms realize that competitors for their market share could come from any corner of the globe. Even fairly small regional firms often attempt to market their products internationally. Global financial markets are tied to one another in such a way that widespread fraud in the us markets, for example, has a direct impact on asian and european markets. Consumers in developed countries have become increasingly aware of the sweatshop conditions under which some of the goods they purchase are manufactured and assembled. The home country of a business firm is where it has its headquarters or where it has its charters of incorporation. A host country is any other country where that firm does business. Follow the norms of the home country because that is the patriotic thing to do. Follow the norms of the host country to show proper respect for the host country"s culture. Follow whichever norm is morally best (the four alternatives are not mutually exclusive)
