Ethical Dilemmas Faced By Multinational Corporations
1.0 Introduction
In these present days, the world is full of development due to globalisation. Globalisation can be defined as the system of interaction among the countries around the world and serve as one of the purpose in developing the global economy. “Globalisation refers to all those processes by which the peoples of the world are incorporated into a single world society, global society” (Martin Albrow, 1990). There are also some famous quotation about globalisation. (Please refer to appendix 1.0(a) for more information about famous quotation of globalisation).Not only that globalisation also contributed to the increased in international trade, foreign direct investment, wider data flow and international cultural exchange in other words globalisation has minimised the barriers of entry into the global market. Due to the contribution of the globalisation the employment in the host countries has been increasing for example the job opportunities in China has been increased when Nokia(the hand phone company from Finland) enter into China`s market and this has created over 25,000 jobs for the citizens resides there. So with this it has helps to settled the unemployment problems which it is the main factor of poverty. However, there are also some critics about globalisation arises (Please refer to appendix 1.0(b) for more information about Critics On Globalisation). So due to development of globalisation it also contributes to the existence of Multinational Companies keep whereby the companies who engage in global business are known as Multinational Companies which in this case global interdependence also happened whereby countries depend on each other through exporting and importing. Due to this also there are several issues that urges the Multinational Companies to focused like ethical behaviour, economic development in host countries, environmental and social responsibility but despite of that there are some Multinational Companies involved in ethically
In these present days, the world is full of development due to globalisation. Globalisation can be defined as the system of interaction among the countries around the world and serve as one of the purpose in developing the global economy. “Globalisation refers to all those processes by which the peoples of the world are incorporated into a single world society, global society” (Martin Albrow, 1990). There are also some famous quotation about globalisation. (Please refer to appendix 1.0(a) for more information about famous quotation of globalisation).Not only that globalisation also contributed to the increased in international trade, foreign direct investment, wider data flow and international cultural exchange in other words globalisation has minimised the barriers of entry into the global market. Due to the contribution of the globalisation the employment in the host countries has been increasing for example the job opportunities in China has been increased when Nokia(the hand phone company from Finland) enter into China`s market and this has created over 25,000 jobs for the citizens resides there. So with this it has helps to settled the unemployment problems which it is the main factor of poverty. However, there are also some critics about globalisation arises (Please refer to appendix 1.0(b) for more information about Critics On Globalisation). So due to development of globalisation it also contributes to the existence of Multinational Companies keep whereby the companies who engage in global business are known as Multinational Companies which in this case global interdependence also happened whereby countries depend on each other through exporting and importing. Due to this also there are several issues that urges the Multinational Companies to focused like ethical behaviour, economic development in host countries, environmental and social responsibility but despite of that there are some Multinational Companies involved in ethically