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Chapter 11-1

PP247 Chapter 11-1: Unit 11 Reading 1

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Craig Beam

Ethical Dilemmas for Multinational Enterprise: A philosophical Overview By: Richard De George International Business 3rd world countries frequently seek to attract American Multinational Corporations (MNCs) for the jobs they provide and for the technological transfers they promise Americans condemn MNCs for exploiting the resources and workers of the 3rd world While MNCs are a means for improving the standard of living of the underdeveloped countries, MNCs are blamed for the poverty and starvation such countries suffer MNCs provide jobs in the 3rd world, but are criticized for transferring these jobs from the US American MNCs usually pay at least as high wages as local industries, yet critics blame them for paying the workers in underdeveloped countries less than they pay American workers for comparable work When American MNCs pay > local wages, local companies criticize them for skimming off the best workers => internal braindrain MNCs => 3rd world development Critique: MNCs destroy local cultures and substituting for them the tinsel of American life the worst aspects of its culture MNCs seek to protect the interests of shareholders by locating in an environment in which their enterprise will be safe from destruction by revolutions and confiscation by socialist regimes Many of the moral dilemmas MNCs face are false dilemmas which arise from equating US standards with morally necessary standards Morally mandatory standards that no corporation should violate, and moral minima below which no firm can morally go, should not be confused either with standards appropriate to the US or with standards set by the US gov Despite differences among nations in culture and values, which should be respected, there are moral norms that can be applied to multinationals 7 moral guidelines for MNCs: Should do no intentional direct harm Should produce more good than bad for the host country Implementation of a general Utilitarian principle Proposition that, in general, more good will be done by helping those most in need, rather than by helping those in less need at the expense of those in > need Should contribute by their activities to the host countrys development Should respect the human rights of its employees Should pay their fair share of taxes To the extent that local culture does not violate moral norms, MNCs should respect the local culture work with it, not against it
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