GMS 802 Chapter Notes - Chapter 4: Extortion, Sweatshop, Ethnocentrism
17 Sep 2015
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Document Summary
A look at some recurring ethical problems in global business. Bribery: dates back to the fifteen century, difference between bribery and extortion, the payer of the bribe offers it to the other party, in extortion, the receiver of the payment demands the payment form the payer. Corruption is often used to refer to either bribery or extortion. Bribery is condemned in the law books of almost every nation and often to secrecy to implement form bribing or paying extortion to foreign officials. In the us, the foreign corrupt practices act (fcpa) of 1977 prohibits companies. Bribes seek to move the bribe to serve the briber"s interest. Ethical tensions and minefields that threaten the credibility of global brands: most publicized issues of the 1990s was labor standards i. e. nike. Two distinct issues emerged: the use of children as workers in the factories and the sweatshop environment where the employees performed their work. The issue of differences in a global economy.
