ADMS 3660 Chapter Notes - Chapter 12: North American Free Trade Agreement, International Trade, Thomas Friedman

• School: York University
• Department: Administrative Studies
• Course: ADMS 3660
• Professor: Anton Petrenko

Document Summary

Adms 3660 ch 12 international business & globalization. Child labor / gender inequality: however just because cultures have different values there are still objective standards for deciding between conflicting values, careful not to conclude that diverse cultures hold diverse ethical values, e(cid:454). I(cid:374)do(cid:374)esia 1(cid:1013)(cid:1013)(cid:1012) uharto"s regi(cid:373)e: bribes/kickbacks/extortion commonplace, although widespread activity but calling these activities (cid:862)a(cid:272)(cid:272)epted(cid:863) is (cid:449)ro(cid:374)g. If opposed such activities exposed to violence & deadly reactions. Eventually result to overthrow of suharto: ex. Child slavery local population tolerates working condition does not justify conditions. Local farmer paying low wage to workers =/= multinational corporation paying low wage to workers: consider circumstances, concerns virtue of integrity, own integrity own personal value should not be abandoned. Integrity virtue that maintains own personal identity & character: to a(cid:271)a(cid:374)do(cid:374) o(cid:374)e"s (cid:448)alue i(cid:374) fa(cid:272)e of disagreement/diversity undermine o(cid:374)e"s i(cid:374)tegrit(cid:455, ex. If met corp can fulfill ethical responsibility meeting economic goals of producing goods/service/jobs/profits: maximalist approach, given corp influence/power/resources responsibility to provide positive benefits.