Tag: MNC

Difference between descriptive ethics and normative ethics

What is the difference between descriptive ethics and normative ethics? What role do values play in each of these two approaches to ethics? Provide examples to illustrate your points.

Descriptive ethics is founded on the belief that humans are ‘hard-wired’ to be selfish. That is, they are for the most part absorbed in fulfilling their own desires and goals. The capitalist economy is a good example of this instinct in humans, whereby, ‘greed is good’ is an accepted mantra for business corporations and individuals alike. Descriptive ethics promotes a ego-centric decision making model, whereby, an individual is morally entitled to pursue his own happiness through independent action. Cultural relativism is another term coupled to descriptive ethics. This school of thought contends that what is right or wrong is specific to the particular cultural milieu. Normative ethics, on the other hand, takes a more didactic approach to human action in that it . . . Read More

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The business of water consumption

In terms of the scholarly discussion on corporate social responsibility please outline the key arguments that may support the actions of the firms given in the case. Furthermore, discuss the main arguments against corporate social responsibility considering these firms’ actions. Use scholarly literature and examples from the case study to illustrate.

Though water is considered as essential to survival of all life forms, getting access to quality water is increasingly becoming difficult in the under-developed world. While privatization is promoted as the solution for this crisis, previous examples of such a move have resulted in adverse results, especially for the poor. Where privatization of water has been implemented in the last 10 years, contentious debates and protestations have risen in the communities affected by the project. In the case study titled ‘The Business of Water’, we read about the activities of some of the major water and beverage . . . Read More

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Criticism of MNC activities in developing countries

The Multinational Enterprise has become ubiquitous in the new neo-liberal world order of the early twenty first century.  However, all too often, these enterprises’ activities have lacked prudence and foresight in terms of the consequences for the local populations.  Moreover, the loopholes of international business law allow these companies to go scot-free and evade accountability toward the citizens of the countries in which they operate on.  The activities of Multinational Enterprises in developing countries can either be beneficial or disadvantageous to the country.  Recent evidence suggests that there are more cases of the latte than the former.  This essay tries to find out how far true the criticisms directed at multinational enterprises (MNEs) as a result of their activities in lesser developed parts of the world.  This is done by citing examples from particular developing nations.

The primary criticism leveled against MNEs is their lack of responsibility . . . Read More

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