The document discusses various legal, ethical, social and environmental issues companies may face when conducting international business. Specifically, it addresses legal issues around jurisdiction, intellectual property, taxes and securities, and internet regulations. It also discusses ethical concerns regarding employment practices, corruption, human rights, and pollution. Further, it outlines social issues such as dealing with corrupt governments, war between trading nations, negative attitudes towards foreign investment, lack of infrastructure, and government interference. Finally, it examines environmental challenges including global warming, relocation of polluting industries, bans on importing some goods, and the role of trade in environmental preferences.
Concept of international business environmentPinki Verma
Presentation on Concept of International Business Environment which includes:
1. Difference between International Business and International Business Environment
2.Difference between Domestic Business and International Business
3.Entry Modes of International Business
4.Nature of International Business
5.Advantages of International Business
6.Classification Of International Business Environment
(a) Micro and Macro Environment
(b) Domestic, Foreign and Global Environment
7.Components Of International Business Environment with examples.
To watch more ppt follow our channel.
International Marketing Management - IntroductionSOMASUNDARAM T
Definition; scope and challenges; difference between international marketing and domestic marketing; the dynamic environment of international trade; transition from domestic to international markets orientation of management and companies; international marketing environment.
Concept of international business environmentPinki Verma
Presentation on Concept of International Business Environment which includes:
1. Difference between International Business and International Business Environment
2.Difference between Domestic Business and International Business
3.Entry Modes of International Business
4.Nature of International Business
5.Advantages of International Business
6.Classification Of International Business Environment
(a) Micro and Macro Environment
(b) Domestic, Foreign and Global Environment
7.Components Of International Business Environment with examples.
To watch more ppt follow our channel.
International Marketing Management - IntroductionSOMASUNDARAM T
Definition; scope and challenges; difference between international marketing and domestic marketing; the dynamic environment of international trade; transition from domestic to international markets orientation of management and companies; international marketing environment.
Social and cultural Environment - International Business - Manu Melwin Joymanumelwin
The socio-cultural fabric is an important environmental factor that should be analysed while formulating business strategies. The cost of ignoring the customs, traditions, taboos, tastes and preferences, etc., of people could be very high.
MULTINATIONAL CORPORATIONS #5 - Code of Conduct of MNCSundar B N
Meaning of Code of Conduct
According to the Brandit Commission
Code of Conduct drawn up by the commission on TNC’s, set up by the UN’s Economic and Social Council
According to OECD Code of Conduct in 1976
INTERNATIONAL BUSINESS, DIVERSIFICATION, COUNTRY SELECTION AND EVALUATION, STEPS REQUIRED IN COUNTRY SELECTION AND EVALUATION, TYPES OF RISKS, COUNTRY COMPARISON TOOLS, NON COMPARATIVE DECISION MAKING, CASE STUDY of Ford
international trade theory
,
why is free trade beneficial
,
what role does government have in trade
,
what is mercantilism
,
what is the heckscher-ohlin theory
,
how does the theory of absolute advantage work
,
is a current account deficit bad
,
what is smith’s theory of absolute advantage
,
what is the balance of payments
,
what is new trade theory
,
what is ricardo’s theory of comparative advantage
International business faces a host of social issues. They include business ethics, social responsibility, environmental factors and labor standards. Business ethics refers to a set of moral principles that needs to be followed while doing business.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
This thought leadership paper is designed to help businesses to successfully navigate challenging issues.
The report is divided into three key areas:
• Planning for expansion
• Choosing your location
• Conducting business overseas.
http://www.charteredaccountants.com.au
Social and cultural Environment - International Business - Manu Melwin Joymanumelwin
The socio-cultural fabric is an important environmental factor that should be analysed while formulating business strategies. The cost of ignoring the customs, traditions, taboos, tastes and preferences, etc., of people could be very high.
MULTINATIONAL CORPORATIONS #5 - Code of Conduct of MNCSundar B N
Meaning of Code of Conduct
According to the Brandit Commission
Code of Conduct drawn up by the commission on TNC’s, set up by the UN’s Economic and Social Council
According to OECD Code of Conduct in 1976
INTERNATIONAL BUSINESS, DIVERSIFICATION, COUNTRY SELECTION AND EVALUATION, STEPS REQUIRED IN COUNTRY SELECTION AND EVALUATION, TYPES OF RISKS, COUNTRY COMPARISON TOOLS, NON COMPARATIVE DECISION MAKING, CASE STUDY of Ford
international trade theory
,
why is free trade beneficial
,
what role does government have in trade
,
what is mercantilism
,
what is the heckscher-ohlin theory
,
how does the theory of absolute advantage work
,
is a current account deficit bad
,
what is smith’s theory of absolute advantage
,
what is the balance of payments
,
what is new trade theory
,
what is ricardo’s theory of comparative advantage
International business faces a host of social issues. They include business ethics, social responsibility, environmental factors and labor standards. Business ethics refers to a set of moral principles that needs to be followed while doing business.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAc
This thought leadership paper is designed to help businesses to successfully navigate challenging issues.
The report is divided into three key areas:
• Planning for expansion
• Choosing your location
• Conducting business overseas.
http://www.charteredaccountants.com.au
In this presentation, we will discuss about International Business Environment while focusing on the factors to globalize a business. Types of international business, growing importance to globalize, motivators to become an international company for a domestic firm will also be discussed here. Various favorable business environment and strategic decisions that influence and affect international business will be discussed along with.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
The foreign exchange market or forex market as it is often called is the market in which currencies are traded.
Currency Trading is the world’s largest market consisting of almost trillion in daily volumes
The market continues to rapidly grow. Not only is the forex market the largest market in the world, but it is also the most liquid, differentiating it from the other markets.
There is no central marketplace for the exchange of currency, but instead the trading is conducted over-the-counter.
This decentralization of the market allows traders to choose from a number of different dealers to make trades with and allows for comparison of prices. Typically, the larger a dealer is the better access they have to pricing at the largest banks in the world, and are able to pass that on to their clients.
The spot currency market is open twenty-four hours a day, five days a week, with currencies being traded around the world in all of the major financial centers.
All trades that take place in the foreign exchange market involve the buying of one currency and the selling of another currency simultaneously. This is because the value of one currency is determined by its comparison to another currency.
The first currency of a currency pair is called the “base currency,” while the second currency is called the counter currency. The currency pair shows how much of the counter currency is needed to purchase one unit of the base currency.
Currency pairs can be thought of as a single unit that can be bought or sold. When purchasing a currency pair, the base currency is being bought, while the counter currency is being sold.
Forex Capital Markets (FXCM) is an online currency trading firm that offers a free demo account to traders who are new and interested in the foreign exchange market.
It allows you to experience every step of currency trading including choosing currency pairs, deciding how much risk to take, tracking the time and dates of placed trades, deciding how long to stay in the trade, and when to exit the trade. It also allows the placing of stop and limit orders on trades.
Information about trading and specifically about how to use the online trading platform can be found on the FXCM webpage. In addition, FXCM offers FREE interactive online seminars that are extremely useful to both new and experienced currency traders.
Characteristics of foreign exchange
Its huge trading volume representing the largest asset class in the world leading to high liquidity;
Its geographical dispersion;
Its continuous operation: 24 hours a day except weekends, i.e., trading from 20:15 GMT on Sunday until 22:00 GMT Friday;
The variety of factors that affect exchange rates;
The low margins of relative profit compared with other markets of fixed income;
The use of leverage to enhance profit and loss margins and with respect to account size.
IntroductionManaging human capital is a complex and tricky busin.docxmariuse18nolet
Introduction
Managing human capital is a complex and tricky business. What you want to do is hire talented people; you don't want to have to fire them; and you certainly do not want to find yourself discriminating against them.
Hiring discrimination has been around for decades in North America. Women and minorities have not had opportunities to join desirable institutions for decades. Although this still occurs, it is becoming less prevalent due to laws and regulations at the federal and state levels. Organizations owe it to themselves to hire the best and brightest, and more often than not, they do.
Hiring
Richard Florida, founder and director of the Software Industry Center at Pittsburgh's Carnegie Mellon University, is beginning to yield compelling theories about what draws talent to certain cities and how companies adapt to win these employees over. According to Florida, location, location, location is the key. Mapping out geography of talent, Florida discovered that the following is important to workers:
· Virtual communities just aren't enough - potential employees are seeking places with real assets.
· To become talent magnets, cities must have something for everyone.
· It's not just about stock options - people want job options.
· Diversity is the surest sign that communities and companies really get it.
· In a world where time is the only nonrenewable resource, people are seeking companies that conserve time - a place that has all the amenities.
Yes, location is important, but don't forget paying the appropriate salaries, outdoing the competition, and taking talented employees seriously.
Firing
Of all the actions that managers must undertake, firing can be the most difficult. One never knows how an employee will respond to his or her discharge, so it is very important to stay calm and get to the point quickly. Before firing an employee who has been with the company for a number of years, however, it is important to give the employee an opportunity to improve performance deficits. How long depends on company policy.
Can you fire an employee for any reason? No. Although the law gives a lot of leeway to employers, there is a limit. If an employee has an employment contract or if promises were made to the employee, then the contract controls when you may fire an employee for "good cause." A few examples of good cause include the following:
· poor job performance
· low productivity
· refusal to follow instructions
· habitual tardiness
· excessive absences from work
· possession of a weapon at work
· threats of violence
· violating company rules
If there is not such contract, you may fire an employee for any reason as long as it is not illegal, such as discrimination, retaliation, alien status, and violations of public policy.
Discrimination
Discrimination falls into a number of categories: race, gender, sexual orientation, religion, and age. According to the U.S. Department of Justice Civil Rights Division, it recommends th.
Running Head: INTERNATIONAL BUSINESS 2
International Business
Student Name
University Name
Date
Instructor Name
Discuss a “real world” MNC’s international strategy. The discussion should identify the company’s strategic plans, how the factors of international strategy, above, affected them, location efficiencies, a SWOT analysis, their application of the steps in international strategy formulation, and so on.
Support your paper with a minimum of five (5) external resources In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 5-7 pages not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
INTERNATIONAL BUSINESS
Introduction:
Dawn of economic process has raised up, where international business is changing into more and more common. Transnational organizations will measure among the foremost profitable within the world. An organization must bear in mind of the speech and civilization of the country wherever it plans to board with its asset. Politics and laws of the condition will moreover produce international trade simple or onerous. With the achievement of international business, its outlook is polished, on a planet scale. Effective organization of international business process includes inexpensive organization of money, workers, expansion, advertising, and announcement. This is over and over again so the association, completion and organization of the operation go well. The long lope of international business is intense as fiscal process and therefore they would similar to for catholicity persistence. Even though the business goes globally there are some issues to be considered around as such
1. Social Issues
2. Ethical Issues
3. Labour Issues
4. Environmental Issues
Impacts of Political, Legal and Economic System:
Political, economic, and legal assortment and change within the international souk, and the way executive reply to the confront with data and considerate resulting not exclusively from the business regulation though conjointly from economic expansion, sociology, faith, topography, and the past. Early labors to tie together technology and take manufactured goods into foreign markets; the crash of dispersion catalysts like super language, script, print technology, transport innovation, transmit medium, electronic medium, and advertising institution; and consequently the appearance of recent companies will calculate to manage to level back the crash. Largely North America or Western Europe is that the specific regions were these impacts have taken place. Political modification happens as nations look for to ascertain stability and order.
110 CHAPTER FOURLegal, Regulatory, and Political Iss.docxpaynetawnya
110
CHAPTER FOUR
Legal, Regulatory,
and Political Issues
Chapter Objectives
●● To understand the rationale for
government regulation of business
●● To examine the key legislation that
structures the legal environment for
business
●● To analyze the role of regulatory agencies
in the enforcement of public policy
●● To compare the costs and benefits of
regulation
●● To examine how business participates in
and influences public policy
●● To describe the government’s approach
for legal and ethical compliance
Chapter Outline
Government’s Influence on Business
The Contemporary Political Environment
The Government’s Strategic Approach for
Legal and Ethical Compliance
02/18/2018 - RS0000000000000000000000973322 - BUSINESS and SOCIETY 5th edition
111
In the technology industry, protecting one’s intellectual
property through patents is crucial to the survival of
a company. A patent gives an organization such as
Microsoft a temporary monopoly over a new technol-
ogy. Patents are intended to reward firms for the risks
they take in developing new products. They not only
allow the firms to recoup their investment but also
give them the chance to earn a significant profit. This
prompts technology firms to constantly innovate and
stay ahead of the competition by patenting new items.
Companies will often file lawsuits seeking dam-
ages from those they believe violated their intellectual
property rights. One well-publicized case occurred
between two titans of the cell phone industry, Apple
and Samsung. After Apple introduced its iconic iPhone,
Samsung came out with its own smartphone called
Galaxy S. Apple filed a lawsuit against Samsung, accus-
ing it of violating its iPhone patent by copying many
components of the iPhone, including the rectangular
shape; the black color of the phone; the tap to zoom,
the flip to rotate, the slide to scroll features; and so
on. It also claimed that Samsung copied features of its
iPad product.
Samsung countersued, claiming that many of
these components had already been patented by
Samsung; thus, Samsung—and not Apple—held the
intellectual property rights. The lawsuit soon snow-
balled, with suits being filed in the United States, South
Korea, Germany, Japan, and other areas. Many of these
countries came to different conclusions. For instance,
the United States found Samsung guilty of intellectual
property violations and ordered Samsung to pay Apple
$1 billion in damages (this was later reduced). However,
South Korea determined that Apple violated two
of Samsung’s patents, while Samsung violated one
of Apple’s. The United Kingdom ruled in favor of
Samsung, while Germany banned sales of the Galaxy
Tab 2.0 because of its similarities to Apple’s iPad 2.
The different court rulings demonstrate the com-
plexities of international regulations. The ethical and
legal standards of intellectual property vary from coun-
try to country, mak ...
Chapter Introduction
Ditty_about_summer/ Shutterstock.com
Learning Objectives
The five Learning Objectives below are designed to help improve your understanding. After reading this chapter, you should be able to answer the following questions:
1. What are two different views of the role of business in society?
2. How do duty-based ethical standards differ from outcome-based ethical standards?
3. What is short-term profit maximization, and why does it lead to ethical problems?
4. What are the four steps in the IDDR approach to ethical decision making?
5. What ethical issues might arise in the context of global business transactions?
“New occasions teach new duties.”
James Russell Lowell 1819–1891 (American editor, poet, and diplomat)
One of the most complex issues that businesspersons and corporations face is ethics. Ethics is not as clearly defined as the law, and yet it can substantially impact a firm’s finances and reputation, especially when the firm is involved in a well-publicized scandal. Some scandals arise from conduct that is legal but ethically questionable. At other times, the conduct is both illegal and unethical. Business law and legal environment students must be able to think critically about both legal and ethical issues. As noted in the chapter-opening quotation, “New occasions teach new duties.”
Suppose that Finn Clayborn dropped out of Harvard University to start a company in Silicon Valley that developed and sold finger-prick blood-test kits. Clayborn raised millions from investors by claiming that his new technology would revolutionize blood testing by providing a full range of laboratory tests from a few drops of blood. The kits were marketed as a better alternative to traditional, more expensive lab tests ordered by physicians. They were sold at drugstores for a few dollars each and touted as a way for consumers to test their blood type and monitor their cholesterol, iron, and many other conditions. Within six years, Clayborn and his company were making millions. But complaints started rolling in that the test kits didn’t work and the results were not accurate (because more blood was needed). Numerous consumers, drugstores, and government agencies sued the company for fraudulent and misleading marketing practices. Clayborn’s profitable start-up now faces an uncertain future.
The goal of business ethics is not to stifle innovation. There is nothing unethical about a company selling an idea or technology that is still being developed. In fact, that’s exactly what many successful start-ups do—take a promising idea and develop it into a reality. But businesspersons also need to consider what will happen if new technologies do not work. Do they go ahead with production and sales? What are the ethical problems with putting a product on the market that does not function as advertised? To be sure, there is not always one clear answer to an ethical question. What is clear is that rushing to production and not thinking through ...
Week 10 - Business Ethics in a Global EconomyBe sure to read t.docxmelbruce90096
Week 10 - Business Ethics in a Global Economy
Be sure to read the lecture notes thoroughly, as they supplement the information offered in digital material within the course. You will be responsible to know the information provided here and in your assigned reading.
I. Ethical Perceptions And International Business
The self-reference criterion (SRC) is the idea that people perceive differences between themselves and citizens of other countries when traveling abroad; they may believe the values of their own country to be ethically superior to those of others.
The SRC is an unconscious reference to one's own cultural values, experiences, and knowledge. When confronted with a situation, a person reacts on the basis of knowledge accumulated over a lifetime and usually grounded in the culture of origin.
These reactions are based on meanings, values, and symbols that relate to the culture of origin, but may not have the same relevance to people of other cultures.
In the United States, for example, dumping---the practice of charging high prices for products sold in domestic markets while selling the same products in foreign markets at low prices, often below the costs of exporting the products---is viewed negatively, and this country has a number of anti-dumping laws.
1. Culture as a Factor in Business
1. Ethical issues that arise from international business activities often differ significantly from those that evolve from domestic business activities.
2. Culture is everything in our surroundings made by people: both tangible items and intangible concepts and values. This definition includes language, religion, law, politics, technology, education, social organization, general values, and ethical standards.
1. Each nation has a distinctive culture and, consequently, distinctive beliefs about what business activities are acceptable or unethical.
2. Distinct subcultures can also be found within many nations.
3. One of the critical ethical issues linked to cultural differences is the question of whose values and ethical standards take precedence in negotiations and business transactions.
2. Adapting Ethical Systems to a Global Framework
1. When businesspeople rationalize straying from their own ethical values when doing business abroad, they are resorting to cultural relativism: the concept that morality varies from one culture to another and that business practices are therefore differentially defined as right or wrong by particular cultures.
2. As business becomes more global and multinational corporations proliferate, the chances of ethical conflict increase.
II. Global Values
1. There have been numerous attempts to establish a set of global or universal ethical standards.
1. Many of these efforts show a pattern of shared values, such as truthfulness, integrity, fairness, and equality, which suggest a universal set of ethics that can be applied to business across the globe.
2. The shared values assume that we all have basic rights and res.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Issues in international business
1. Issues In International Business
PRESENTED BY:-
1.SOMU JENA
2.SUVASMITA BISWAL
3.RAJNI KANT SINGH
4.DOMAN HEMBRAM
5.BISWA BHUSAN MALL
2. ISSUES IN INTERNATIONAL BUSINESS
International business operations are subject to
numerous legal regulations, as each country has a
different set of regulations for business .
Those regulations can range from copyright
issues to the distribution of securities and how
contracts are drawn.
Additionally, the business's home country may
have regulations that differ from those of the
target country, which may complicate the legal
strategy a business takes.
3. LEGAL ISSUES OF INTERNATIONAL BUSINESS
1.Jurisdiction
2.Intellectual Property
3.Taxes and Securities
4.Internet-Specific Issues
4. 1.Jurisdiction
Jurisdiction is a primary issue for any
international business, including e-business.
This refers to the ability of a legal body to make
decisions and force an individual or business to
abide by them.
Legal systems vary by country, although there
can be similarities. For example, if a business is
sued in one country and that country's judicial
body makes a judgment, the business's home
country may or may not recognize the judgment,
depending on how its own laws are structured.
5. 2.Intellectual Property
Intellectual property may be established in one
legal jurisdiction, but can be more uncertain in
another legal jurisdiction.
The areas of intellectual property most often
considered are copyrights and trademarks.
If a business hires a web developer, certain steps
may need to be taken to ensure that copyright
has been appropriately transferred to the
business from the developer. Likewise,
trademarks must be registered in each country in
which a business operates.
6. 3.Taxes and Securities
Issuing shares in a business may be illegal without
the prior approval of the target country's
exchange commission or similar legal body.
This means that selling securities may require
the consent of a large number of different
authorities.
Taxation can represent an equally complex
situation, both in terms of taxes levied on the
business, but also sales taxes that various
countries may or may not impose.
7. 4.Internet-Specific Issues
International business is subject to sovereign
regulation of the Internet.
For example, an e-business may be able to provide a
link to another site, but how deeply they can link into
another business's site can depend on that business as
well as the copyright and trademark laws of its country.
Another legal issue that may be faced is that of cyber-squatting,
which happens when a business or
individual buys a domain name reflecting the
trademark of another party and then attempting to sell
it to them. This practice is illegal.
8. Ethical Issues In International Business
The Common Ethical Issues are:
1.Employment practices
2.Corruption
3.Human Rights
4.Pollution
9. Ethical issues in international Business:
The ethical-related issues have been approached
since ancient times and have represented the
foundation of different religions and life styles.
The ethics can be found in all aspects of human
activity as the individuals have been preoccupied
with the quality of their behavior towards the people
around.
Even if they do not purposefully intend to improve
their relations with the others, people always
evaluate their behavior from the point of view of
their correctness.
10. Employment
Wages and the working environment in overseas
locations are often inferior to those in the United
States, even when you fulfill all local legal
requirements.
If you hire workers there, you face the issue of what
pay and working conditions are acceptable. Applying
U.S. standards is usually not realistic and often
simply disrupts the established market.
An effective approach is to develop company
standards which protect workers while fitting into
the local economy. Your standards have to guarantee
a living wage, protect the safety of your workers and
establish a reasonable number of hours for the work
week.
11. Corruption
Companies making payments to secure business that
they would not otherwise obtain are guilty of illegal
actions under the U.S.
Foreign Corrupt Practices Act. The payments, even if
they seem to be customary, are usually illegal under
local laws as well.
When your company makes such payments, it is
encouraging a local system of corruption through
unethical behavior. Smaller gifts, of a size that would
not normally influence a major decision, are
considered ethical in some societies and may be legal
under local and U.S. laws.
If you find that large sums are routinely required to do
any business in a country, you may want to reevaluate
your decision to enter that market.
12. Human Rights
The country into which you are expanding may not
respect basic human rights. The ethical issue facing
your company is whether your presence supports the
current abusive regime or whether your presence can
serve as a catalyst for human rights improvements.
If you find that you are supporting a regime that
oppresses its citizens, engages in discrimination and
does not recognize basic freedoms, the ethical action is
to withdraw from the market.
If you find that the regime allows you to observe
human rights within your organization and that your
presence moderates human rights abuses, you may
actively work to improve local conditions.
13. Pollution
Not all foreign countries have environmental legislation
that makes it illegal to pollute. Companies may discharge
harmful materials into the environment and avoid costly
anti-pollution measures.
An ethical approach to your expansion into such markets is
to limit your environmental footprint beyond what is
required by local laws.
An ethically operating company ensures its operations
don't have harmful effects on the surrounding population.
Since your company has the knowledge and expertise to
operate within U,S. environmental regulations, it is ethical
to apply similar standards in your new locations.
14. Social Issues In International Business
The Common Social Issues while carrying out
International Trade are:
The Country with which we do international trade
might be ruled by a corrupt leader or a party.
Military rulers pose a serious threat for international
business.
If the Home country and the trading country are at
war. If two countries are at war then there wont be
any international trade between them.
15. The Attitude of the host country towards foreign
investment is negative. Host countries may
impose special rules for MNC’s
If The country where we do our International
trade lacks social infrastructure .Inadequate
facilities may require a company carrying on
international business to build housing,
establishing schools and providing transportation
facilities for the employees.
Government Interference is yet another Issue. If
the government of a host country insists on
becoming a partial owner Of the foreign business.
16. Environmental Issues in International business
Environmental issues are harmful effect of human
activity on the bio-physical environment.
Environmental issues have been engaging
increasing discussion in the international business
horizon.
As in the case of some other social issues in the
fore, the environmental issues raised are mostly
which disadvantage the developing countries,
ignoring or relegating to the background several
serious which hold the developed nations or
firms from such nations guilty.
17. Global Warming
That global warming will cause calamitous trouble created around
the world. The major contributor to global warming is caused by a
greenhouse effect due to massive carbon dioxide emission.
According to Shelley (2002), EPA has stated that the major
contributor into the rising of greenhouse gases level is due to
industrial and transportation activities involving the burning of fossil
fuels as well as the deforestation.
Therefore, government intervention seems to be tremendously
essential to combat with global warming issues.
However, this essay will focus more on how the government policies
regarding on global warming specifically on fossil fuels combustion
(oil, coal and gas) issue affect the international business including
the arguments. The positive and negative sides it could also be the
opportunities and challenges.
18. Relocation of polluting industries from
developed to developing countries
Developing countries are affected by the relocation of polluting
industries from the developed it the developing ones. Similarly,
several products which are banned in the developed nations are
marketed in the under developed world.
The dumping of nuclear and hazardous wastes in developing
countries and the shifting of polluting industries to the
developing countries impose heavy social costs on them. The
exploitation of the natural resources of the developing countries
to satisfy the global demand also often causes ecological
problems.
When the multinationals employ in the developing nations
polluting technologies which are not allowed in the developed
countries or do not care for the ecology as much as they do in
the developed nations, it is essentially a question of ethics.
19. Ban on importing some goods
Some countries prohibit the import of goods
which cause ecological damage.
For example, the US has banned the import of
shrimp harvested without turtle excluder
devise because of its concern for the
endangered sea turtles. Countries like India
are affected by it.
20. Role of trade
The third concern about environmental issues is
the role of trade relating to more social
preferences.
Some practices may simply be unacceptable for
certain people or societies, so they oppose trade
in products which encourage such practice.
These can include killing dolphins in the process
of catching tuna, using leg hold traps for catching
animals for their furs, or the use of polluting
production methods which have only local
effects.
21. Labour Issues In International Business
• The Basic Labour Issues are:
1.Child Labor
2.Forced Labor
3.Health and Safety
4.Working Hours
5.Low Wages
22. Labour Issues In International Business
One of the important social issues in the developed countries in respect of
business with the developing countries pertains to ill treatment of labour and
children.
Child labour used in the manufacture of exports from the developing countries is
widely criticized by people in the developed countries.
For example, it is alleged that child labour is used by the carpet industry in India
and some other countries and social activist in the developed nations demand
ban on the import of goods embodying child labour. Consumers are called upon
to boycott such goods.
Similar issue is the sweat labour. The argument here is that goods are
manufactured by labour working in inhuman/unhealthy working conditions not
getting fair wages should be banned or boycotted. Creating important developing
country, like garments, are alleged to be suffering from such problem.
23. According to a Report, it is a regrettable feature of many
export processing zones that both male and female workers
are trapped in low wage and low skilled jobs .
The frequent absence of minimal standards and poor
labour management relations have predictable outcomes,
such as high labour turnover, absenteeism, stress and
fatigue, low rates of productivity, excessive wastage of
materials and labour unrest which are still too common.
The Labours working are also forced to work for maximum
number of hours in a day and are also paid only low wages.
The Work Environment is also poor and unsafe and there
are also no proper facilities available in case of any
unfortunate happenings. And There are also reports of
these labourer’s being tortured both physically and
mentally if they fail to act according to the orders given to
them by the superior authorities.