Topics: Business ethics, Corporate social responsibility, Social responsibility Pages: 2 (758 words) Published: February 16, 2010
The emerging economics, the so-called BRICs: Brazil, Russia, India, and China are predicated to be global players in next few decades. In being the world’s top global players these countries must realize that in order to become a true global power they will have to take on greater social responsibilities that will deal with ethical concerns. An increasing number of companies are moving production to the BRICs in order to take advantage of generous tax incentives, high productivity rates, and cheap labor. For example, Wal-Mart and Bharti Enterprises, a leading Indian cell phone operator, plan to open hundreds of Wal-Mart superstores across India by 2010 (International Business Environments and Operations, Applegate, Austin, and Soule 2009 pp. 219). However, with the BRICs emerging as economic powerhouses and the increasing number of foreign counties increasing to do business with them ethical rules must integrate into their business practices for the BRICs to have an impact on the whole world. Brazil has been an aspiring contender in the up and coming emerging counties but it has been struggling for decades because it has struggled to achieve expectations due to problems in income equality, productivity, and education. In order to obtain the status as one of the world’s leaders these social responsibilities must be addressed and corrected. The emergence of the BRICswill challenge the well-being and sustainability of the global environment. China is one of the pillars of the global economy, but controversies surround China’s future growth because of the controversy surrounding Chinese labor practices or tainted imports traced back to Chinese suppliers. In addition to the surrounding labor and tainted imports our Western-centric view of the world and current media restrictions in China the world’s largest country remains mysterious in many ways. Because of this, the development of a greater focus on corporate social responsibility in China has gone somewhat...
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