InternationalBusiness7e-Hill/Irwin Copyright©2009byTheMcGraw-panies,,themembersofaprofession,eptedprinciplesofrightorwronggoverningtheconductofbusinesspeopleEthicalstrategyisastrategy,orcourseofaction,eptedprinciplesEthicalIssuesInhicalissuesinbusinessinvolve:paniesEmploymentPracticesIfworkconditionsinahostnationareclearlyinferiortothoseinamultinational’shomenation,paniesapply:homecountrystandardshostcountrystandardssomethinginbetweenHumanRightsIndevelopedcountries,basichumanrightssuchasfreedomofassociation,freedomofspeech,freedomofassembly,andfreedomofmovement,rantedInothercountries,hicalissuesarisewhenenvironmentalregulationsinhostnationsarefarinferiortothoseinthehomenationEnvironmentalquestionstakeonaddedimportancebecausesomepartsoftheenvironmentareapublicgoodthatnooneowns,monbyall,butownedbynoone,isoverusedbyindividuals,(OECD),obligesmemberstatestomakethebriberyofforeignpublicofficialsacriminaloffenseCorruptionSomeeconomistsbelievethatinacountrywherepreexistingpoliticalstructuresdistortorlimittheworkingsofthemarketmechanism,corruptionintheformofblack-marketeering,smuggling,andsidepaymentstogovernmentbureaucratsto“speedup”ountwhenmakingbusinessdecisions,andthatthereshouldbeapresumptioninfavorofdecisionsthathavebothgoodeconomicandgoodsocialconsequencesSocialresponsibilitycanbesupportedforitsownsakesimplybecauseitistherightwayforabusinesstobehaveAdvocatesarguethatbusinessesneedtorecognizetheirnoblesseoblige(panies)esspossible
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