Ethics in International Business
Ethics in International Business
The recent international events, with a major financial crisis all over the world, involve important questions about the relation between ethics and economics and the responsibilities of the economic market in relation to broader social and political concerns. The recent global financial crisis has recently existed with a lack of awareness on business ethics policies where unprofessional practices are performed on dangerous mortgage borrowers have occurred without having any awareness of the outcomes of financial collapses. In other words greed and unethical performances can lead to such situation as the global financial crisis, seeing the collapse of mortgages and corporations in business ethics. Now it’s not a question anymore as it has become evident that we need high moral ground while practising business in any form. But we have ponder and ask this deliberate question to ourselves “Can we act ethically at international level” and if yes then how?
International business ethics has a number of open questions and dilemmas. Today it is characterized by the following elements. Every culture and nation has its own values, history, customs and traditions, thus it has developed own ethical values and understanding of ethical principles. There is no international ethical code of conduct, accepted and followed by all the countries. There is a lack of governments’ initiative to create ethical cooperation framework and thus to enhance ethical behaviour in international business. There is a lack of governments’ initiative to create ethical cooperation framework and thus to enhance ethical behaviour in international business. It is hard to outline those ethical values which would be understandable, acceptable and important for representatives of all the continents simultaneously within different types of international cooperation projects. Professionalism also consists in ethical behaviour, honesty, compliance and integrity. How
The recent international events, with a major financial crisis all over the world, involve important questions about the relation between ethics and economics and the responsibilities of the economic market in relation to broader social and political concerns. The recent global financial crisis has recently existed with a lack of awareness on business ethics policies where unprofessional practices are performed on dangerous mortgage borrowers have occurred without having any awareness of the outcomes of financial collapses. In other words greed and unethical performances can lead to such situation as the global financial crisis, seeing the collapse of mortgages and corporations in business ethics. Now it’s not a question anymore as it has become evident that we need high moral ground while practising business in any form. But we have ponder and ask this deliberate question to ourselves “Can we act ethically at international level” and if yes then how?
International business ethics has a number of open questions and dilemmas. Today it is characterized by the following elements. Every culture and nation has its own values, history, customs and traditions, thus it has developed own ethical values and understanding of ethical principles. There is no international ethical code of conduct, accepted and followed by all the countries. There is a lack of governments’ initiative to create ethical cooperation framework and thus to enhance ethical behaviour in international business. There is a lack of governments’ initiative to create ethical cooperation framework and thus to enhance ethical behaviour in international business. It is hard to outline those ethical values which would be understandable, acceptable and important for representatives of all the continents simultaneously within different types of international cooperation projects. Professionalism also consists in ethical behaviour, honesty, compliance and integrity. How