INTERNATIONAL BUSINESS ETHICS

International Business Ethics

Abstract

This paper aims to explore the concept of international business ethics in a detailed manner. The paper starts with the introduction of the business ethics and then stretch the concept of business ethics to the global scenario. We have also analyzed the concept of corporate social responsibility and the ethical dilemmas that exists today. Finally, the paper ends with the concluding remarks on the international business ethics.

International Business Ethics

Introduction

Many ethical issues arise precisely because of economic, political, legal and cultural differences. The ethical problem of international business affects virtually all areas of concern to the international economy. In trade relations, each country uses its ability to export their products to other markets (Wartick and Wood, 1998). In the global exchange of currency, all countries benefit when there is a stable exchange rate, which facilitates business and trade, but we can agree unilaterally devalue its own currency to correct a trade deficit. Solutions to problems related to collective goods in the international political economy generally include the formulation of agreements and creation of international institutions that coordinate the actions of several countries. Here we see the origin and nature of the problems and ethical dilemmas of international companies.

Ethical Problems of International Business

Many problems and dilemmas of international companies originate from the significant differences in political systems, laws, culture and economic development among different nations. In the context of international business, the most common ethical problems have to do with employment practices, human rights, environmental standards, corruption and obligations of multinational corporations.

Discussion

Currently, Globalization, International Trade, Economic Integration, the increased use of Information Technology and Communications are required to create new paradigms. Therefore, it is necessary for Organizations (Institutions, Organizations, Companies, Companies), integrate the Business Ethics using strategies to act with such moral and ethical principles apply, so that they could comply with the Corporate Social Responsibility.

The business ethics aroused in the year 1970 in the United States, in 1980 in Europe, after a series of scandals in business caused by the lack of ethical values, which led to resulted in the collapse of companies like Enron, Global Crossing, Arthur Andersen and WorldCom in the U.S. and other problems in Europe (Ferrell, Fraedrich and Ferrell, 2000). These companies had a common factor, the lack of transparency in business management processes. Adams Smith, talks about the creation of wealth attached to values ??and ethical principles. Max Weber writes about the Protestant ethic and capitalism, is a behavior based on honesty and hard work.

The Business Ethics is related to professional ethics, applied ethics, axiology, aesthetics, bioethics and ethical leadership. When we talk about values ??in business ethics, we need to focus on teamwork, incorporating trust, honesty and friendship, by involving transparency, democracy, commitment and sense of belonging, in this way are oriented to people looking service with respect, dignity, freedom and empathy, this is put ourselves in the shoes of the other or the other, giving opening tolerance, creativity, enthusiasm, flexibility and credibility to deliver quality results, where the thrust efficiency the realization of a self-critical assessment and continuous ...